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AlMeezanMutualFunds
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Al Meezan Mutual Fund
Fund Statistics:
Fund Type Open End - Equity
Risk Level High
Launch Date May-96 ( open end from Aug 05, 11)
Trustee Central Depository Company
Auditors A.F. Ferguson
AMC Rating AM2 (High Quality)
Al Meezan Mutual Fund (AMMF) – ( previously a closed-end equity fund) managed by Al Meezan) since 1995 has now been converted into an open-end equity fund with effect from August 5, 2011.
AMMF is one of the best performing private sector closed-end funds. The fund has provided a cumulative return of 883% since its inception till June 30, 2011 with return of 16.45% on annualized basis. As an investor in AMMF your initial investment of Rs. 100,000 has increased to Rs. 983,000 (on NAV basis) as at June 30, 2011.
 


Al Meezan Mutual Fund was incorporated on July 13, 1995 as a public limited company under the Companies Ordinance, 1984 and was registered under the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003 (NBFC Rules). The “certificate of commencement” was obtained by the company on January 1,1996. The company was listed on the Karachi Stock Exchange on September 16, 1996 as a closed ended mutual fund.
 
Investment Policy
The objective of AMMF is to provide the maximum total return to the Unit Holders from investment in "Shariah Compliant" equity investments for the given level of risk, while abiding by the Regulations and any other prevailing rules and regulations.
AMMF is a Shariah Complaint open end equity fund which primarily invests in equities. The Fund shall be subject to exposure limits as specified in the Regulations and SECP’s directives. At least 70% of its Net Assets shall remain invested in listed equity securities during the year based on quarterly average investment calculated on daily basis.

The benchmark for this Scheme will be KMI-30.

Description 30 June 1997* 30 June 1998 30 June 1999 30 June 2000 30 June 2001 30 June 2002 30 June 2003 30 June 2004
Cash Dividend Per Share Rs. 1.18 - 0.64 2.10 0.66

1.60

2.00 1.00
Stock Dividend Per Share Rs.  - - - - -

-

1.00 1.50
Total Return % 20.47% -27.60% 22.38% 53.89% -0.47%

24.80%

93.16% 34.33%

    *  Since May 1996

Description 30 June 2005 30 June 2006 30 June 2007 30 June 2008 30 June 2009 30 June 2010 30 June 2011
Cash Dividend Per Share Rs. 1.75 (Total) 3.00 2.50 (Total) 1.00 -

1.85 (Total)

2.10 (Total)
Stock Dividend Per Share Rs.  1.00 - 1.50 - -

-

-
Total Return % 45.43% 28.37% 26.99% -0.59% -31.67%

31.23%

37.37%
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