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Income/Money Market Funds

Meezan Sovereign Fund

Investment Objective

Meezan Sovereign Fund’s objective is to seek maximum possible preservation of capital and a reasonable rate of return.

Investment Strategy

The Fund shall invest only in Authorized Investments with a weighted average time to maturity of the portfolio not exceeding four (4) years (this condition shall not apply to securities issued by the Federal Government). This is intended to reduce risk while providing competitive returns and maintaining liquidity.

Benefits at a Glance

  • Provides maximum preservation of principal amount along with stable and consistent returns on investment
  • 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

  • Stable returns and want to avoid volatility of other fixed income instruments and the stock market
  • To minimize the risks while maximizing liquidity

Fund Facts

Fund Type

Open End

Fund Category

Income

Launch Date

10th Feb, 2010

Fund Size

84.52 Bn

as on January 31st , 2024

Benchmark

6 Months PKISRV Rate

Risk Profile

Moderate

Unit Types

A, B, C and D

Management Fee

Up to 0.6% p.a. (min 0.25)

Actual Rate of Management Fee

0.60%

of net assets

Front End Load

1%

Bank End Load

Nil

Trustee

CDC

Central Depository Company Pakistan Limited

Listing

PSX

Pakistan Stock Exchange

Fund Manager

Zohaib Saeed

CFA, ACCA

Asset Manager Rating

AM1

by VIS & PACRA
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Fund Performance

FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16 FY15
MSF 15.37% 8.27% 7.65% 11.17% 7.02% 2.57% 6.57% 5.12% 6.81%
Benchmark 6.06% 3.34% 3.71% 7.93% 7.15% 4.96% 4.65% 4.49% 6.24%