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Meezan Paaidaar Munafa Plan(s)

Meezan Paaidaar Munafa Plan-VII

Objective Of The Plan

The investment objective of Meezan Fixed Term Fund (MFTF) is to earn potentially high returns through investment as per respective Allocation Plans by investing in Shariah Compliant Fixed Income instruments.

The allocation plans under this Fund shall primarily invest in Islamic government securities,cash in bank accounts, money market placements, deposits, certificate of deposits (COD), certificate of Musharakas (COM) and TDRs, as per their respective authorized investible avenues, and as approved by SECP & 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. The Scheme shall make investments in such a manner that the original amount of investment is protected at maturity/ Initial Maturity while having the potential to yield fixed rate/return.

Key Benefits

  • Over 20% (expected annualized Halal Return) *
  • Very Low Risk Product; suitable for investors looking for short to medium term investment horizon
  • No Front-End Load
  • Easy access through Mobile Application and Meezan Funds Online Web portal
  • Over 28 years track record of managing your investments

Note: Very Low Risk means Risk of Principal Erosion is Very Low

Very Low Risk

Plan Details

Plan NameMeezan Paaidaar Munafa Plan-VII
Plan CategoryOpen end Shariah Compliant Collective Investment Scheme as per SECP’s Circular No.3 of 2022 dated February 10, 2022
Date of Inception11th July,2023
Fund Size – January 31st ,2024Rs. 0.83 Billion
Duration of the Plan

The duration of the Fund will be perpetual; however, the initial maturity of the Plan shall be 12 months (from the close of subscription)

Note: Actual duration of the plan shall be announced each time at the time of announcement of Public Offering/ Roll Over.

BenchmarkAverage deposit rates (for comparable period of the plan) of three (3) AA rated scheduled Islamic Banks or Islamic windows of conventional bank as selected by MUFAP at the time of plan launch
Systematic Payment PlanAs determined by Management Company, with Prior approval of the commission
Minimum and Subsequent InvestmentRs. 500,000 & its multiples
Minimum Redemption AmountRs. 500,000 & its multiples
Contingent LoadContingent load shall be charged on redemption prior to initial maturity and shall commensurate with net loss incurred due to Early Redemption, as determined by the Management Company
Expense RatioUp to 2%, as specified by SECP
Management FeeUp to 5% of the gross earnings of the Scheme, calculated on a daily basis, subject to a minimum of 0.10% of the average daily net assets of the Scheme
Target Towards

Individuals, HNWI’s, Corporates, Banks, DFI’s, Insurance Companies, Employee Retirement and Endowment funds, Charitable Institutions and Trusts & NGO’s.

Primarily that clientele which seeks better returns than available by TDRs of corresponding tenure, while not seeking liquidity prior to initial maturity of the plans.

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Authorized Investments

Meezan Paaidaar Munafa Plan-VII (MPMP-VII)

Authorized Investments Entity / Instruments Rating Maximum Exposure Minimum Exposure Maturity
A. Shariah Compliant GOP Issued/guaranteed Securities N/A 100% 0% N/A
B. Cash at Bank (excluding TDRs) with licensed Islamic Banks or Islamic Branches/Windows of Conventional Banks, Shariah Compliant Government Securities including GoP Ijarah Sukuk not exceeding 90 days maturity. AA 100% 0% N/A
C. Shariah compliant placements with maturity not exceeding twelve (12) months AA 100% 0% Equal to the Actual Maturity of the Plan
*The return mentioned above will be upon initial maturity. The Subscription of the Plan will be subject to availability of the underlying security in auction. In case where required amount is not fully allocated in auction then Al Meezan Investment would accept participation on pro-rata basis in the plan, while returning the remaining amount back to the investor. Further, in case where the entire auction participation does not materialize, then Management Company shall return the entire amount to the participants.Considering the risk profile of the Fund, weighted average time to maturity of 90% of net assets shall not exceed 4 years and this condition shall not apply to securities issued by the Federal Government. Investments shall be made as per the authorized investment limits given above and may be made according to the following mode of Shariah Transaction such as; principles of Bai’-Mu’ajjal, Bai’-Mussawwama, Bai’-Salam, Istisna’a, Mudaraba, Murabaha and Musharakah or any other structure as approved by the Shariah Advisor from time to time. The Fund, in light of its investment objective and investment policy, shall exclusively invest in Shariah Compliant investments transacted, traded or listed in Pakistan. Any investment made outside Pakistan shall be subject to prior approval of the State Bank of Pakistan and SECP. Risk Disclaimer: All Investments in Mutual Funds and Pension Fund are subject to market risks. The NAV of Units may go down or up based on the market conditions. The investors are advised in their own interest to carefully read the contents of the Offering Document, in particular the Investment Policies mentioned in clause 2, Risk Factors mentioned in clause 2.9, Taxation Policies mentioned in Clause 7 and Warnings in Clause 9 before making any investment decision. Contingent Load which shall commensurate with net loss incurred due to early redemption as determined by the Management Company. The deduction as per actual will be disclosed to the investor at the time of processing of redemption.
FAQs
Term sheet
Offering Document
Fatwah
Risk Disclaimer: All Investments in mutual Fund are subject to market risks. The NAV of Units may go down or up based on the market conditions. The investors are advised in their own interest to carefully read the contents of the Offering Document, in particular the Investment Policies mentioned in clause 2, Risk Factors mentioned in clause 2.9, Taxation Policies mentioned in Clause 7 and Warnings in Clause 9 before making any investment decision.

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