Meezan Financial Planning Fund of Funds objective is to generate returns on Investment as per respective allocation plans by investing in Shariah Compliant Fixed Income and Equity Mutual Funds in line with the risk tolerance of the Investor.
Aggressive Allocation Plan: The plan will seek to provide capital appreciation by investing a minimum of 65% of its net assets in Shariah Compliant Equity Funds with the remaining to be invested in Shariah Compliant Fixed Income Funds.
Moderate Allocation Plan: The plan will seek to provide a mix of capital appreciation and stable returns by investing a minimum of 45% of its net assets in Shariah Compliant Equity Funds with the remaining to be invested in Shariah Compliant Fixed Income Funds.
Conservative Allocation Plan: The plan will seek to provide stable returns by investing a minimum of 20% of its net assets in Shariah Compliant Equity Funds, with the remaining to be invested in Shariah Compliant Fixed Income Funds.
Very Conservative Allocation Plan: The plan will seek to provide stable returns by investing 100% of its net assets in Shariah Compliant Fixed Income/Money Market Funds.
Initially the Scheme offered three Allocation Plans, namely: Aggressive Allocation Plan, Moderate Allocation Plan and Conservative Allocation Plan.
Now the Scheme also offers Very Conservative Allocation Plan. The underlying allocation to Fixed Income/ Money Market and Equity Mutual Funds shall be fixed and the indicative percentages are stated below:
Indicative Minimum percentage allocation invested in Collective Investment Scheme(s) | |||
---|---|---|---|
Name of Allocation Plan(s) | Equity Scheme(s) | Fixed Income/Money Market Scheme(s) | |
1 | Aggressive Allocation Plan | 65% | 25% |
2 | Moderate Allocation Plan | 45% | 45% |
3 | Conservative Allocation Plan | 20% | 70% |
4 | Very Conservative Allocation Plan | - | 100% |
FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | |
---|---|---|---|---|---|---|---|---|---|---|
Aggressive | 55.25% | 1.13% | -5.35% | 27.21% | 6.86% | -17.20% | -12.00% | 16.90% | 13.30% | 16.50% |
Benchmark | 60.30% | 3.72% | -6.88% | 30.73% | 5.86% | -17.20% | -6.40% | 13.50% | 11.70% | 15.10% |
Moderate | 45.89% | 5.29% | 0.44% | 20.83% | 10.11% | -9.20% | -6.80% | 13.30% | 11.30% | 13.60% |
Benchmark | 46.31% | 4.64% | -3.54% | 21.67% | 7.83% | -10.50% | -3.30% | 11.50% | 10.00% | 12.90% |
Conservative | 32.52% | 9.81% | 4.08% | 12.93% | 10.96% | -1.00% | -1.60% | 9.70% | 8.70% | 10.10% |
Benchmark | 30.91% | 5.59% | -0.09% | 12.19% | 7.60% | -3.50% | -0.30% | 7.60% | 6.70% | 8.60% |
MAAP-I | 19.42% | 3.20% | -3.36% | 27.25% | 5.62% | -18.50% | -6.10% | 18.80% | 11.70% | - |
Benchmark | 15.60% | 3.74% | -7.33% | 30.91% | 5.58% | -16.40% | -4.70% | 16.70% | 14.90% | - |