Index Tracker
Funds
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.
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).
| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | |
|---|---|---|---|---|---|---|---|---|---|---|
| KMIF | 75.02% | 0.69% | -10.69% | 36.43% | 0.88% | -25.00% | -11.20% | 15.90% | 13.30% | 17.10% |
| Benchmark | 78.70% | 2.88% | -10.25% | 39.32% | 1.62% | -23.80% | -9.60% | 18.80% | 15.50% | 20.10% |
