Re-opening of Subscription Period of Meezan Paaidaar Munafa Plan-I
We are pleased to announce the re-opening of subscription period of “Meezan Paaidaar Munafa Plan-I” under Meezan Fixed Term Fund (MFTF) an Islamic Open-Ended Collective Investment Scheme, which aims to provide investors with a competitive rate of return, for a fixed tenure by investing primarily in Shariah Compliant TDRs and money market placements/instruments for a specific duration.
Alhumdulilah, after the successful maturity of MPMP-I on 26 December, 2022 and a profit payout of 14.60%1, we are pleased to re-open subscription for a limited time till 5th January 2023 and amount* in MPMP-I. The allocation plan namely “Meezan Paaidaar Munafa Plan – I (MPMP – I)” will have a maturity of two (02) months and ten (10) days.
MFTF offers the investor an opportunity to earn a competitive rate of return by investing in allocation plans that is similar to term deposits by keeping the investment locked in for a certain period of time. MFTF is especially attractive for those investors who have a potentially short to medium term investment horizon and do not have a daily liquidity requirement. The investors can take advantage of locking in higher profit rates.
Key Benefits & Features
1. 14.50% – 14.75%2 (expected annualized halal return)
2. Very Low Risk Product; suitable for investors looking for short to medium term investment horizon
3. No Front-End Load
4. Easy access through Mobile Application and Meezan Funds Online Web portal
5. Easy Online Investment and Redemption Facility available
6. Over 27 years track record of managing your investments
We would like to thank you for your valuable support and continued trust. We reiterate our commitment to continue our endeavor to offer you the best possible investment services and look forward to your investment in Meezan Paaidaar Munafa Plan-I.
1Benchmark Return: 5.77%. 2The return mentioned above will be upon maturity. Contingent Load shall commensurate with net loss incurred due to early redemption.
*Subscription period is subject to Total Investment of Rs. 2.5 Billion. Risk Disclaimer: All Investments in Mutual Funds are subject to market risks. 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 Investment Policies mentioned in clause 2, Risk Factors mentioned in clause 2.9, Taxation Policies mentioned in Clause 7 and Warnings in Clause 9 before making any investment decision. The Allocation Plan falls under Meezan Fixed Term Fund.
Category: Open end Shariah Compliant Collective Investment Scheme as per SECP’s Circular No.3 of 2022 dated February 10, 2022, Risk Profile/Risk of Principal Erosion: Very Low, AMC Rating: AM1 by VIS and PACRA. Click Here on the link to view the Term sheet.