Fund of Funds

Meezan Financial Planning Fund of Funds

Investment Objective

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.

Investment Strategy

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%

Benefits at a Glance

  • You can have access to top performing funds of Al Meezan, all having different investment strategies, through one investment vehicle i.e. Meezan Financial Planning Fund (MFPF).
  • No more worries about which fund to buy and sell, when to buy and sell, MFPF does all this for you automatically, and in a tax efficient manner.
  • Periodic rebalancing to maintain pre-defined allocation ensures focused investment strategy eliminating human intervention.
  • 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

  • A targeted investment strategy for investment in order to achieve desired financial goals in life.
  • Investment in a disciplined manner through SIP, especially in risky funds and also having the comfort of not being penalized if one misses any monthly payment.
  • Different allocation strategies that suit varying risk profiles

Fund Facts

Fund Type

Open End

Fund Category

Fund of Funds

Launch Date

11th Apr, 2013

Fund Size

304.80 Mn

as of 30th April ,2024

Benchmark

Aggressive Allocation Plan | Moderate Allocation Plan | Conservative Allocation Plan | Very Conservative Allocation Plan | MAAP – I : Weighted avg. return of KMI 30 Index and Fixed Income/ Money Market Scheme as per actual allocation

Risk Profile

Medium to High

Plan Specific

Unit Types

A and B

Management Fee

Same

as for underlying Funds and 1% on Cash

Actual Rate of Management Fee

1%

Management fee of 1% on investments in Cash/ near cash instruments

Front End Load

Aggressive Plan 2.0%
Moderate Plan 1.5%
Conservative Plan 1.0%
Other Plans 0% to 3%
Very Conservative 1%

Bank End Load

Nil

Trustee

CDC

Central Depository Company

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
Aggressive 1.13% -5.35% 27.21% 6.86% -17.20% -12.00% 16.90% 13.30% 16.50%
Benchmark 3.72% -6.88% 30.73% 5.86% -17.20% -6.40% 13.50% 11.70% 15.10%
Moderate 5.29% 0.44% 20.83% 10.11% -9.20% -6.80% 13.30% 11.30% 13.60%
Benchmark 4.64% -3.54% 21.67% 7.83% -10.50% -3.30% 11.50% 10.00% 12.90%
Conservative 9.81% 4.08% 12.93% 10.96% -1.00% -1.60% 9.70% 8.70% 10.10%
Benchmark 5.59% -0.09% 12.19% 7.60% -3.50% -0.30% 7.60% 6.70% 8.60%
MAAP-I 3.20% -3.36% 27.25% 5.62% -18.50% -6.10% 18.80% 11.70% -
Benchmark 3.74% -7.33% 30.91% 5.58% -16.40% -4.70% 16.70% 14.90% -