The document provides information on MCB-Arif Habib Savings and Investments Limited, an asset management company that manages mutual funds and pension funds in Pakistan. It discusses the company and group profiles, vision, mission, and various funds offered, including income, aggressive income, Islamic income, and equity funds. The funds differ in their investment objectives, profiles, benchmarks, and fee structures. The document provides details on each individual fund.

1. MCB-ARIF HABIB SAVINGS
AND INVESTMENTS
LIMITED
(FORMERLY: ARIF HABIB
INVESTMENTS LTD.)
AFTAB AHMED DAR
COMSATS Institute of Information
Technology Abbottabad.

2. Table of Contents
• Company Profile
• Group Profile
• Vision
• Mission
• Mutual Funds

3. Company Profile
• MCB-Arif Habib Savings and Investments Limited is an Asset
Management, Investment Advisory and Pension Fund Management
Company
• Managing Open-end Mutual Fund and Pension Funds.
• The Company is registered with the Securities & Exchange Commission of
Pakistan (SECP) and regulated under the Non-Banking Finance Companies
(NBFC) Rules 2003
• NBFC and Notified Entities Regulations 2008 and Voluntary Pension
System Rules 2005.
• MCBAH is a member of the Mutual Funds Association of Pakistan
(MUFAP).

4. Company Profile
• MCB-Arif Habib Savings and Investments Limited manages over Rs.
51.17 billion, as on September 30th 2014.
• It has 14 Mutual Funds,2 Voluntary Pension schemes and different
Investments Plans in its product portfolio to meet the investment needs
of its growing customers.
• The Company was conceived in the year 2000 and, in March 2002,
two of its flagship Funds, the Pakistan Stock Market Fund (PSM) and
the Pakistan Income Fund (PIF) were launched.

5. Group Profile
MCB Bank Limited:
• MCB is one of the oldest banks of Pakistan, incorporated in 1947. It was
privatized in 1991.
• To agree to international capital markets, the Bank launched Global
Depositary Receipts (GDRs) in 2006.
• It was the first Pakistani Bank that got its GDRs listed on the London Stock
Exchange
• . In 2008, the Bank entered into a strategic partnership with Maybank,
Malaysia, which owns 20% stake in it through Mayban International Trust
(Labuan) Berhad.

6. Group Profile
Arif Habib Corporation:
• Arif Habib Corporation Limited (AHCL) is the holding company of one of the major business
groups of Pakistan.
• The Company has a diversified portfolio across sectors including Chemical and Fertilizers,
Financial Services, Construction Materials, Industrial Metals and others.
• AHCL aims to seek opportunities globally as well and currently has invested in an equity
brokerage house in Srilanka and has acquired membership of a multi commodity exchange in the
UAE.
• The company was incorporated on 14 November 1994 as a public limited company under the
Companies Ordinance, 1984 with a paid up capital of Rs. 40 million.
• The Company was listed in 2001 on all three bourses of the Country by offering one million shares
to the general public at a price of Rs. 80 per share (being the Book Value at that time) raising Rs.
80 millions

7. Vision and Mission:
Vision:
• To become synonymous with Savings
Mission:
• To become a preferred Savings and Investment Manager in the
domestic and regional markets, while maximizing stakeholders’ value

9. Definitions:
• KIBOR:
It is Karachi Inter Bank Offer Rate (KIBOR), given by specialized institution on daily, weekly, monthly
and on 1, 2 and 3 yearly basis to all the commercial banks of Pakistan so that they charge interest to their
customers on that basis. This rate is inflation adjusted rate and then banks by adding 2 or 3% in KIBOR
rate charge their customers for their profit.
• Term Finance Certificate: (TFC)
A debt instrument issued by a corporation to raise funds. TFCs typically offer higher rates of return than
bank deposits and government bonds. Unlike bonds, TFCs offer investors the option to redeem a portion of
the principal during the term of the instrument.
• Net Asset Value: (NAV)
A mutual fund's price per share or exchange-traded fund's (ETF) per-share value. In both cases, the per-
share dollar amount of the fund is calculated by dividing the total value of all the securities in its
portfolio, less any liabilities, by the number of fund shares outstanding.

10. INCOME FUNDS
Pak Income Fund:
Investment Objective
• The objective of the fund is to deliver returns primarily from debt and fixed
income investments without taking excessive risk.
Fund Profile
• Pakistan Income Fund (PIF) is an open end fund, which invests in corporate
securities, Government securities; money market placements, TDRs and
short maturity reverse repurchase transactions. PIF is a long only fund and
cannot undertake leveraged investments. Under the Regulation number
58(1)(k) of NBFC and NE regulations 2008, it is only allowed to borrow up
to 15% of net assets for up to 90 days to meet redemption needs.
Benchmark
• 75% KIBOR (6 Month) + 25% PKRV (3 Months)

11. Pak Income Fund
Date of
Inception
11th March
2002
Fund Type
Open End
Income
Minimum
investmen
t
PIF - PKR
5,000/- PIF-
CD - PKR
10,000,000/-
Initial
Public
Offer
PKR 50.00
Fee Schedule
Front End Load:
Investments less than or equal
to Rs.15 million: 2%*
Investments greater than Rs.15
million: NIL
*plus applicable taxes
Management fee: 1.50% per
annum of average NAV
Term finance certificate

12. INCOME FUNDS
• MCB Dynamic Cash Fund:
Investment Objective
• To provide an attractive return to short term investors or investors with a very low
desire for risk while taking into account capital security and liquidity
considerations.
Fund Profile
• MCB-DCF through active management will aim to provide optimum returns for
its unit holders by investing primarily in Money Market and short term
instruments.
• The fund may also invest a small portion of the fund in medium to long term
assets in order to provide higher returns to the unit holders.
Benchmark:
• 1 Month KIBOR.

13. MCB Dynamic Cash Fund
Date of
Inception
1st March 2007
Fund Type
Open-end Income
Scheme (SECP
categorization in
process)
Minimum
investment
Growth Units
Rs.5,000
Cash Dividend
Units Rs.5,000
Income Units Rs.
100,000
Fee Schedule
Front End Load:
Investments less than or
equal to Rs.15 million:
1.5%*
Investments greater
than Rs.15 million: NIL
*plus applicable taxes
Management fee: 1.50%
per annum of average
NAV

14. INCOME FUNDS
• MetroBank-Sovereign Fund:
Investment Objective
• The objective of the fund is to deliver income primarily from investment in government
securities.
Fund Profile
• Metro-Bank Pakistan Sovereign Fund Perpetual (MSF) is an open end fund, which invests
in bonds and debt securities issued by the Government of Pakistan as well as Reverse
Repurchase transactions (Reverse-REPOs) against government securities. Under the
Regulation number 58(1)(k) of NBFC and NE regulations 2008, it is only allowed to
borrow up to 15% of net assets for up to 90 days to meet redemption needs.
Benchmark
• 6 month T–Bill rate

15. INCOME FUNDS
Date of
Inception
1st March
2003
Fund Type
Income
Scheme
Minimum
investment
100 units
Initial
Public
Offer
PKR 50.00
Fee Schedule
Front End Load:
Investments less than or equal
to Rs.15 million: 1.5%*
Investments greater than Rs.15
million: NIL
*plus applicable taxes
Management Fee is lower of
the following:
a) 10% of Fund’s Operating
Revenue
b) 1.5% of Average Daily
Net Assets
Subject to a minimum fee of
0.5% of Average Daily Net
Assets

16. AGGRESSIVE INCOME FUND
• Pak Income Enhancement Fund:
Investment Objective
• The objective of the fund is to deliver return from aggressive investment
strategy in debt and fixed income market.
Fund Profile
• Pakistan Income Enhancement Fund (An Aggressive Fixed Income Fund)
(referred to as PIEF) is an open end fund which primarily invests in debt
and fixed income instruments and may also take limited exposure in
structured products. The maximum duration of the fund shall not exceed 3
years.
Benchmark
• 90% KIBOR(1 YEAR) + 10% PKRV (3 Months)

17. Pak Income Enhancement Fund
Date of
Inception
28th August 2008
Fund Type
Open End
Aggressive
Fixed Income
Scheme
Minimum
investment
Type A : 5,000
Type B :
10,000,000
Fund
Manager
Saad Ahmed
Rating by
PACRA
A + (f)
Initial
Public
Offer
PKR 50.00
Fee Schedule
Front End Load:
Investments less than or
equal to Rs.15 million: 2%*
Investments greater than
Rs.15 million: NIL
*plus applicable taxes
Management fee: 1.5 %

18. ISLAMIC INCOME FUND
• MCB Islamic Income Fund
Investment Objective
• To generate superior risk adjusted returns by investing in short, medium and long-
term Shariah Compliant Fixed income instruments.
Fund Profile
• The Fund shall seek to provide the investors with a rate of return consistent with a
broadly diversified portfolio of long, medium, and short term, high quality Shariah
Compliant fixed income instruments.
• The funds shall only be invested in Shariah compliant avenues with minimum
credit rating of A+ (A Plus)
Benchmark
• Average of the most recent published three- month profit rates of three Islamic
Banks rated A and above.

19. MCB Islamic Income Fund
Date of
Inception
20th June 2011
Fund Type
Open-end (Islamic)
Income Scheme
Minimum
investment
Growth Units Rs.
500
Income Units Rs.
100,000
Cash Dividend
Units Rs. 50
Front End Load (Type A) :
Investments less than or equal to Rs.15
million: 1.5%*
Investments greater than Rs.15 million: NIL
*plus applicable taxes
Class “B” 0%
Management fee: 10% of gross earnings
subject to minimum fee of 0.25% of daily
Net Assets
-End Loads:
Class A Units :0%
Class B Units:
- 1.5% on redemption in the 1st year from
the date of investment
- 1% on redemption in the 2nd year from the
date of investment
- 0% on redemption after completion of 2nd
year from the date of investment

20. EQUITY FUNDS
• Pak Stock Market Fund
Investment Objective
• The objective of the fund is to provide investors long term capital appreciation from its investment in
Pakistani equities.
Fund Profile
• Pakistan Stock Market Fund (PSM) is an open end equity fund that invests in quality stocks listed in Pakistan.
• The fund is actively managed and fundamental research drives the investment process. Fundamental outlook
of sectors/companies and DCF (discounted cash flow) valuations are the primary factors in sectors’ allocation
and stock selection. Major portion of the fund’s portfolio is high quality liquid stocks. The funds which are
not invested in equities are required to be kept in bank deposits and short-term money market instruments/
placements. PSM is a long only fund and cannot undertake leveraged investments. Under the Regulation
number 58(1)(k) of NBFC and NE regulations 2008, it is only allowed to borrow up to 15% of net assets for
up to 90 days to meet redemption needs.
Benchmark
• KSE-100 Index.

21. Pak Stock Market Fund
Date of
Inceptio
n
11th March 2002
Fund
Type
Open-end Equity
Minimu
m
investm
ent
PSM - PKR
5,000/-
PSM-CD PKR
10,000,000/-
Initial
Public
Offer
PKR 50.00
Front End Load:
Investments less than or
equal to Rs.15 million: 2%*
Investments greater than
Rs.15 million: NIL
*plus applicable taxes
Management fee: 2.00% per
annum of average NAV

22. EQUITY FUNDS
• Pak Strategic Allocation Fund
Investment Objective
• The objective of the fund is to provide investors capital growth over medium to long term
primarily from investment in more liquid Pakistani equities.
Fund Profile
• Pakistan Strategic Allocation Fund (PSAF) is an open end strategic allocation fund which
primarily invests in equities based on a quantitative model. The Fund takes advantage of
equity market volatility and buys equities when they are underpriced and sells equities
when they are overpriced. DCF (discounted cash flow) valuations are pivotal for stocks
selection in the portfolio. The fund is mostly invested in liquid stocks. Under the
Regulation number 58(1)(k) of NBFC and NE regulations 2008, it is only allowed to
borrow up to 15% of net assets for up to 90 days to meet redemption needs.
Benchmark
• KSE-100 Index.

23. Pak Strategic Allocation Fund
Date of
Inception
11th
September
2004
Fund Type
Open-end
Equity
Initial Public
Offer
PKR 10.00
Front End Load:
Investments less than or
equal to Rs.15 million: 2%*
Investments greater than
Rs.15 million: NIL
*plus applicable taxes
Management fee: 2% per
annum

24. ISLAMIC ASSET ALLOCATION FUND
• Pakistan International Element Islamic Asset Allocation Fund:
Investment Objective
• The objective of the fund is to provide medium to long term capital appreciation through
investing in Shariah compliant investments in Pakistan and internationally.
Fund Profile
• PIEIF is an Islamic open-end asset allocation fund, which seeks to achieve its objective
through investing in a portfolio of Shariah compliant investments diversified across the
capital markets of Pakistan as well as keeping a limited exposure internationally. The fund
is managed through an active management strategy with dynamic allocations towards
different asset classes.
Benchmark
• 70% KMI 30 Index, 30% DJIM-World

25. Pakistan International Element Islamic Asset Allocation
Fund
Date of
Inceptio
n
2nd May 2006
Fund
Type
Open End Sharia
Compliant Asset
Allocation
Minimu
m
investm
ent
A&B - PKR 5,000/-
C&D - PKR 10,000,000
Initial
Public
Offer
PKR 50.00
Front End Load (Type A):
Investments less than or
equal to Rs.15 million: 2%*
Investments greater than
Rs.15 million: NIL
*plus applicable taxes
Type B,C & D: None
Management Fee
Type A & B: 2% Type C & D:
1.33%

26. ASSET ALLOCATION FUND
• MCB Dynamic Allocation Fund:
Investment Objective
• MCB Dynamic Allocation Fund is an asset allocation fund and its objective
is to aim at providing a high absolute return by investing in equity and debt
markets.
Fund Profile
• MCB DAF shifts exposures in to debt or equity as per market conditions
and discretion of the Management Company. The fund may invest up to
100% in equity securities or up to 100% in debt securities according to
market conditions.
Benchmark
• Proposed.

27. MCB Dynamic Allocation Fund:
Date of Inception
17th March 2008
Fund Type
Open-end Asset
Allocation
Scheme
(SECP
categorization in
process)
Minimum
investment
Rs. 5,000
Front End Load:
Investments less than or
equal to Rs.15 million: 3%*
Investments greater than
Rs.15 million: NIL
*plus applicable taxes
Management fee: 2% per
annum of average NAV

28. MONEY MARKET FUNDS
• MCB Cash Management Optimizer Fund
Investment Objective
• To provide unit-holders competitive returns from a low risk portfolio of short duration assets while
maintaining high liquidity.
Fund Profile
• MCB CMOP is purely a money market fund which shall make investments in money market
instruments with a maximum maturity of 180 days and weighted average maturity up to 90 days.
Based on market conditions the Management Company will invest a major portion in highly liquid
and low risk instruments. The remaining fund will be invested in short term deposits and assets to
generate better returns. The main areas of investment would be Treasury Bills, Cash and Near-Cash
Instruments, Money market placements, Certificate of Deposits (COD's), Certificate of Musharika
(COM's), Term Deposits (TDR's), Commercial Papers etc.
Benchmark
• Avg. three month deposit rates of AA and above rated scheduled banks, net of expenses.

29. MCB Cash Management Optimizer Fund
Date of Inception
1st October 2009
Fund Type
Open-end
Money Market
Scheme
Minimum
investment
Growth Units
Rs. 5000
Cash Dividend
Units Rs. 5,000
Income Units
Rs. 100,000
Fee Schedule
Management fee: 10% of all
gross earnings subject to
minimum fee of 0.25% of
average daily net assets.
Front-end load: Nil
Up to 0% Overall annual
expense ratio for the
composite

30. MONEY MARKET FUNDS
• Pak Cash Management Fund
Investment Objective
• The Fund aims to deliver regular income and provide high level of liquidity primarily
from short duration government securities investments.
Fund Profile
• Pakistan Cash Management Fund (PCF) is an open end Fund, which invests in
government securities, mainly Treasury Bills and short maturity reverse repurchase
transactions against Government Securities. The un-invested funds are kept in deposits
with minimum AA-rated commercial banks. The overall maturity of the portfolio is kept
below 90 days, in order to keep interest rate risk at a relatively low and manageable level
and provide high liquidity to investors comparable to current bank deposits. PCF is a long
only Fund.
Benchmark
• 3 month T-Bill.

31. Pak Cash Management Fund
Date of Inception
20th March 2008
Fund Type
Open End Money
Market
Minimum
investment
A - PKR 5,000/- B -
PKR 10,000,000/-
Fund Manager Syed Sheeraz Ali
Rating by PACRA AAA (f)
Initial Public
Offer
PKR 50.00
Fee Schedule
Management fee: 10% of
Gross Earnings subject to a
minimum of 0.25% of Avg.
Daily Net Assets
Front-end load: Nil
-end load: 0.1% if
redeemed within 3 days
and if converted within 30
days.

32. BALANCED FUND
• Pak Capital Market Fund
Investment Objective
• The objective of the Fund is to provide investors a mix of income and
capital growth over medium to long term from equity and debt investments.
Fund Profile
• Pakistan Capital Market Fund (A Balanced Fund) (referred to as PCM) is an
open end balanced fund that invests in a range of asset classes such as
equity and debt in Pakistani market.
Benchmark
• 50% KSE-100, 50% 1 year T-Bill

33. Pak Capital Market Fund
Date of
Inception
24th January
2004
Fund Type
Open End
Balanced
Minimum
investment
PCM - PKR
5,000/-
PCM-CD -PKR
10,000,000/-
Initial Public
Offer
PKR 10.00
Front End Load:
Investments less than or
equal to Rs.15 million: 2%*
Investments greater than
Rs.15 million: NIL
*plus applicable taxes
Management fee: 2.00%
per annum of average NAV

34. ANY QUESTION???
THE END