Safeguarding the principal amount along with stable and healthy returns is one of the main investment objectives of an investor. To help investors achieve this objective, Al Meezan Investment Management Limited (Al Meezan) presents Pakistan’s first Shariah Compliant Government Securities fund - Meezan Sovereign Fund (MSF). Its objective is to provide maximum possible preservation of capital along-with Halal and reasonable returns by investing primarily in a portfolio of Shariah compliant government securities thus minimizing the risks of investment.
Meezan Sovereign Fund is ideal for investors who have low risk appetite and want to avoid volatility of other fixed income instruments and stock markets. MSF primarily invests in government securities, which enjoy the highest possible rating of AAA. As a result, the fund has been awarded stability rating of ‘AA+(f)’by JCR-VIS, which denotes the high degree of stability in net asset value of the fund.
Features
- The first Shariah Compliant Government Securities Fund in Pakistan
- ‘AA+(f)’ stability rating by JCR-VIS
- Managed by the largest Shariah compliant Asset Management Company in Pakistan
- Working under the supervision of Shariah Supervisory Board of Meezan Bank, headed by eminent Shariah scholar Justice (Retd.) Mufti Muhammad Taqi Usmani
- Investment objective of providing maximum preservation of principal amount
- At least 70% of investments in Shariah compliant government securities
- Flexibility to get your profit payment on monthly, quarterly, semi-annual or annual basis
- Stable and Attractive Tax free returns1
- Tax credit upto Rs. 60,000/- (for salaried person) or Rs. 75,000/- (for self employed)
1 Under applicable tax laws
2 As per Section62 of Income Tax Ordinance 2001, on investment upto Rs. 300,000/- tax credit of Rs. 60,000/- or 75,000/- can be availed if taxable income is Rs. 8,650,000 and tax rate is 20% or 25% subject to that the investment is held for a period of one year.
Risk disclosure
All investments in mutual funds are subject to market risks. The NAV of units may go up or down based on the market conditions past performance is not necessarily indicative of future results. The Investors are advised in their own interest to carefully read the contents of the Offering Document in particular the risk factors mentioned in Clause 3.10, disclaimer in Clause 3.11 and Warnings in Part XII before making any investment decision.