FDMF, our closed-end balanced fund was launched on March 22, 2005. The fund has been rated “4-Star” by the Pakistan Credit Rating Agency (PACRA) since it became eligible for a rating, which implies that the fund has a good performance in the balanced fund category. The star ratings measure the performance of the funds not only on the returns given by these funds over the period of analysis (12 months of the Financial Year) but also the risk – measured by variability in return over monthly periods. Additionally, the credit quality of assets is also considered.

FDMF has the Central Depository Company of Pakistan (CDC) as its trustee and was launched with Rs. 500 million.

The investment objective of FDMF is to provide investors with an opportunity to invest in a diversified portfolio of securities representing equity, fixed income securities and money market instruments. The Fund balances its investments between these instruments depending on the prevailing market conditions.

The goal of the fund is to reduce the risk of loss due to a change in the market conditions and provide a consistent growth and better return than any other investment option available in the market.

As a closed-end fund listed on the Karachi Stock Exchange (KSE) the liquidity normally associated with open-end funds is not present and the fund may only be purchased or sold directly to the stock market and not with DCM.