Index Tracker
Funds

KSE Meezan Index Fund

KSE Meezan Index Fund

Investment Objective

KSE Meezan Index Fund (KMIF) is a Shariah Compliant Index Fund that aims to provide investors an opportunity to track closely the performance of the KSE-Meezan Index 30 (KMI 30) by investing in companies of the Index in proportion to their weightages.

Investment Strategy

The Fund shall strive to remain fully invested in accordance with the stated index; however, under no circumstances shall it be invested less than 85% of its net assets in securities covered in the index during the year based on monthly average investment calculated on daily basis. The un-invested amount shall be kept in Cash and/ or near cash instruments where near cash instruments include cash in Islamic bank accounts or Islamic Banking windows (excluding TDRs).

Benefits at a Glance

  • Professional Management of your savings by experienced fund managers with a proven track record
  • Under the supervision of a reputable Shariah Advisor; Dr. Imran Ashraf Usmani

Choose this Fund If You Are Seeking

  • Cost efficient way to invest in KMI 30 Index
  • A passive investment philosophy and do not want to be dependent on security selection and sector allocation by the Fund Manager
  • High Risk and Return potential

Fund Facts

Fund Type

Open End

Fund Category

Index Tracker Scheme

Launch Date

23rd May, 2012

Fund Size

3.83 Bn

as on April 30th, 2024

Benchmark

KMI-30

Risk Profile

High

Unit Types

A and B

Management Fee

1%

Actual Rate of Management Fee

1%

Front End Load

2%

Bank End Load

Nil

Trustee

CDC

Central Depository Company Pakistan Limited

Listing

PSX

Pakistan Stock Exchange

Fund Manager

Asif Imtiaz

CFA

Asset Manager Rating

AM1

by VIS & PACRA
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Fund Performance

FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16 FY15
KMIF 0.69% -10.69% 36.43% 0.88% -25.00% -11.20% 15.90% 13.30% 17.10%
Benchmark 2.88% -10.25% 39.32% 1.62% -23.80% -9.60% 18.80% 15.50% 20.10%