Income Funds

Meezan Super Saver Plan​

Objective of the Plan

The investment objective of the Meezan Daily Income Fund is to earn potentially high returns through investment as per respective Allocation Plans by investing 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.

Key Benefits

  • Attractive Halal returns as compared to other investment avenues
  • No Front-End Load
  • Moderate Risk
  • Over 29 years track record of managing your investments
Note: Moderate risk means Risk of Principal Erosion is Moderate

Fund Facts

Fund Type

Open End Shariah Compliant Income Scheme

Fund Category

Income

Launch Date

26th Apr, 2024

Fund Size

3.32 Bn

as on August 30th, 2024

Benchmark

6 Months

Six (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

B

Management Fee

1%

The Plan shall charge a Management Fee of up to 1% per annum

Actual Rate of Management Fee

0.80%

Front End Load

Nil

Bank End Load

Nil

Trustee

CDC

Central Depository Company Pakistan Limited

Listing

PSX

Pakistan Stock Exchange

Fund Manager

Faizan Saleem

Asset Manager Rating

AM1

by VIS & PACRA​

Minimum Investment Amount

Rs. 200,000 & its multiples

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