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Income/Money Market Funds

Meezan Munafa Plan – I

Investment Objective

The “Meezan Munafa Plan – I (MMP-I)” is an Allocation Plan under “Meezan Daily Income Fund (MDIF)” with an objective to provide investors with a competitive rate of return, together with daily payout, through investment in Shariah Compliant Fixed Income Instruments.

Investment Strategy

The allocation plans under this fund shall primarily invest in Islamic Fixed Income instruments as per their respective authorized investible avenues, and as approved by the Shariah Advisor. The allocation plans under this fund shall be subject to such exposure limits as are specified in the Rules, the Regulations and directives issued by SECP from time to time.

Benefits at a Glance

  • Competitive Halal Returns
  • Good Avenue for short to medium term investments
  • No lock in period: Investors are entitled to profits even if they invest for a day
  • Easy Online Investment and Redemption Facility Available
  • Easy access through Mobile Application and Meezan Funds Online
  • 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

  • Annual Dividend

Fund Facts

Fund Type

Open End

Fund Category

Income

Launch Date

29th Aug, 2023

Fund Size

5.49 Bn

as on January 31st, 2024

Benchmark

6 Months

average deposit rates of three (3) A rated scheduled Islamic Banks or Islamic windows of conventional bank as selected by MUFAP

Risk Profile

Moderate

Unit Types

A, B and S

Management Fee

Up to 5%

of the gross earnings of the Scheme, calculated on a daily basis, subject to a minimum of 0.1% of the average daily net assets

Actual Rate of Management Fee

-

Front End Load

0 to 1.5%

Bank End Load

Nil

Trustee

CDC

Central Depository Company Pakistan Limited

Fund Manager

Zohaib Saeed

CFA, ACCA

Asset Manager Rating

AM1

by VIS & PACRA
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Term sheet