Equity Funds

Al Meezan Mutual Fund

Al Meezan Mutual Fund

Investment Objective

Al Meezan Mutual Fund’s objective is to optimize the total investment returns, both capital gains and dividend income, through prudent investment management.

Investment Strategy

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.

a) 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 remaining Net Assets shall be invested in cash and or near cash instruments which include cash in bank accounts (excluding TDRs). For this purpose, funds will be placed only with scheduled Islamic Banks and windows of scheduled Islamic Banks with minimum rating A- (A minus) or as per the directions of SECP from time to time.

Benefits at a Glance

  • Impressive long-term performance track record of over 29 years both in absolute terms and relative to its benchmark.
  • Professional Management of your savings by experienced fund managers with a proven track record
  • Under the supervision of a reputable Shariah Advisor; Dr. Muhammad Imran Ashraf Usmani

Choose this Fund If You Are Seeking

  • Long term wealth creation solution
  • A diversified equity fund that aims for capital appreciation by investing in Shariah Compliant equity securities
  • High Risk and Return potential

Fund Facts

Fund Type

Open End

Fund Category

Equity

Launch Date

13th July, 1995

Fund Size

4.80 Bn

on April 30th, 2024

Benchmark

KMI-30

Risk Profile

High

Unit Types

A, B, C & D

Management Fee

2%

Actual Rate of Management Fee

2%

Front End Load

2%

Bank End Load

Contingent Load

Trustee

CDC

Central Depository Company Pakistan Limited

Listing

PSX

Pakistan Stock Exchange

Fund Manager

Ahmed Hassan

CFA

Asset Manager Rating

AM1

by VIS & PACRA
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Fund Performance

FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16 FY15
AMMF -0.28% -10.91% 32.51% 3.09% -24.40% -16.50% 23.00% 15.50% 22.00%
Benchmark 2.88% -10.25% 39.32% 1.62% -23.80% -9.60% 18.80% 15.50% 20.10%