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Asset Allocation Funds

Meezan Asset Allocation Fund

Meezan Asset Allocation Fund

Investment Objective

Meezan Asset Allocation Fund’s objective is to earn a potentially high return through asset allocation between Shariah Compliant Equity Instruments, Shariah Compliant Fixed Income Instruments, Shariah Compliant Money Market Instruments and any other Shariah Compliant Instrument as permitted by the SECP and Shariah Advisor.

Investment Strategy

The Fund will actively allocate its portfolio between the equity asset classes and fixed income/money market asset classes based on the macroeconomic view of the fund manager on such asset classes.

Benefits at a Glance

  • Up to 90% equity participation is possible, based on Fund Manager’s outlook on the market while also taking exposure to fixed income instruments
  • Effective portfolio diversification through a single investment scheme may provide long-term investors with lower overall portfolio volatility and better risk-adjusted returns
  • Provides investors an opportunity for long-term capital appreciation through broad mix of asset classes
  • Ability to maintain the asset allocation by continuous rebalancing
  • 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

  • Allocation of funds in both risky and non-risky assets, with an assurance that the Fund Manager shall actively allocate assets between the two classes as per the market outlook
  • Capital appreciation over the long term
  • Diversification by combining various asset classes in their overall investment portfolio

Fund Facts

Fund Type

Open End

Fund Category

Asset Allocation

Launch Date

18th Apr, 2016

Fund Size

0.34 Bn

as on January 31st, 2024

Benchmark

Weighted avg. return of KMI 30 Index and Fixed Income/ Money Market Scheme as per actual allocation.

Risk Profile

High

Management Fee

Up to 3%

Actual Rate of Management Fee

2%

Front End Load

Up to 3%

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
MAAF 0.35% -19.10% 35.16% 6.61% -20.40% -12.50% 18.10% 2.80% -
Benchmark 3.28% -8.39% 33.53% 6.97% -18.60% -6.90% 15.20% 5.00% -
* 37 Days of Operation