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
  • Over 29 years track record of managing your investments

Fund Facts

Fund Type

Open End

Fund Category

Income

Launch Date

26th Apr, 2024

Fund Size

13.38 Bn

as on November 29th, 2024

Benchmark

6 Months

average deposit rate of three (3) A rated scheduled Islamic Banks or Islamic windows of conventional banks as selected by MUFAP.

Risk Profile

Moderate

Unit Types

B

Unit Types

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

Fund Performance

FY24* FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16
MSSP 18.86% - - - - - - - -
Benchmark 11.04% - - - - - - - -
* 65 Days of Operations
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