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KSE Meezan Index Fund
Overview
KMIF is a tool for enabling investors to seek exposure to the KMI-30 index stocks in the same proportion as in index. KMIF is suited for those investors who are looking for a passive investment strategy that provides a low-cost investment solution to get exposure to a diversified basket of Shariah compliant stocks.
Key Points
  • Pakistan’s only tracker Fund - KMIF, which tracks Pakistan’s only Shariah Compliant Index, the KMI 30 – An Industry First
  • The KMI 30 Index has outperformed KSE 100 every year since its launch in 2009
  • A one-stop solution for putting your money into every single company of the KMI 30 Index
  • Passive investment philosophy, hence low operating expenses compared to activity managed funds, and little potential for underperformance (relative to benchmark)
  • No Lock-in Period - Invest Today, En-cash whenever you like1
  • Avail Tax Credits2 as per prevailing Tax Rules
  • No Ceiling on Investment
KSE MEEZAN INDEX FUND (KMIF) FUND FACTS
The KMIF is a tool for enabling investors to seek exposure to the KMI 30 index stocks in the same proportion as found in the index.
Quick Facts
Fund Launch Date May 23,2012 Management Fee 1%
Fund Type Open-end Index Tracker Front-end Load 2%
Fund Category Equity Back-end Load NIL
Bench Mark 30% Minimun Investment Initial Rs.5000/- and Rs.1000/- thereafter

What is KMI 30 Index?

KMI 30 Index is a compilation of top 30 Shariah Compliant Publically Listed Companies in the Karachi Stock Exchange (KSE), and is designed to represent the performance of these companies. KMI 30 Index has outperformed KSE 100 every year since its launch in 2009

Fund Objective
KMIF aims to mimic the performance of the KMI 30 Shariah index using passive investment strategies with the objective to provide investors returns that are closely aligned with the returns of the tracked / benchmarked index.

How does the fund Works?

The fund invests in stocks of companies included in the KMI 30 Index. In line with the objective, the fund will invest in the following pattern:

  • A minimum of 85% of its average net assets in stocks comprised in the KMI-30 Index
  • A maximum of 15% of its average net assets in cash or cash equivalent instruments
     
Why Choose KMIF?
The fund invests in stocks of companies included in the KMI 30 Index. In line with the objective, the fund will invest in the following pattern:
  • You will be putting your money into every single company tracked by KMI 30, and your investment will be closely aligned with the returns each year of the KMI 30 Index
  • Passive investment style relative to actively managed funds; therefore low-cost and little potential for underperformance
  • No lock-in Period, No Exit Load; Invest Today, En-cash in a maximum of 6 working days
     
Suitable For:
Investors who are looking for alternate or additional investment opportunities that provide them with a low-cost way to gain equity exposure
Investors who prefer passive investment philosophy and do not want to be dependent on security selection and sector allocation by Fund Manager.

1Within 6 Working Days.

2Per Section 62 of the ITO, 2001, Salaried individuals can avail Tax Credit up to Rs.100, 000/- and self employed individuals can avail tax credit up to Rs.125, 000/-; Subject to a 3-Year holding Period.

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