Commodity Funds - Al Meezan Investment Management Limited
Al Meezan Investments

Commodity Funds

Commodity Funds invest in commodities, for example gold, silver, crude oil, natural gas, etc and may provide excellent diversification and inflation protection to the average investor’s portfolio.

Meezan Gold Fund

Meezan Gold Fund (MGF) is a Shariah Compliant Commodity Scheme and the concept of “Meezan Gold Fund” is to invest in gold instruments in the most efficient manner, as permitted by the SECP and the Shariah Advisor.

Investment Objective & Philosophy

The objective of MGF is to provide maximum exposure to prices of Gold in a Shariah Compliant (Islamic) manner, by investing significant portion of the Fund’s net assets in deliverable gold based contracts available on Pakistan Mercantile Exchange (PMEX).

Key Benefits

  • Meezan Gold Fund is Pakistan’s first Shariah Compliant open-end commodity scheme
  • Affordable investment in the form of divisible units with low initial minimum investment amount requirement.
  • Security without hassle of buying, storing and transporting physical gold
  • An effective hedge against rising gold prices for long term purchases of gold jewelry
  • High purity of gold purchased.
  • A convenient means of diversification for investment portfolios.
  • Managed by the only Shariah compliant Asset Management Company in Pakistan with a solid track record of over 28 years, and under the supervision of a reputable shariah advisor, Dr. Imran Ashraf Usmani.

This product is suitable for investors who are seeking*:

  • Capital appreciation over the long-term
  • A hedge against inflation or currency devaluation

*Investors are encouraged to consult their Investment advisors prior to investing in the product.

High

Note: High Risk means Risk of Principal Erosion is High

Key Features

Scheme Name Meezan Gold Fund
Scheme Type Open-end Islamic Commodity Fund
Date of Inception August 13, 2015
Fund Size- March 31st, 2023 Rs. 923.72 Million
Objective of the scheme The Fund seeks to provide maximum exposure to prices of Gold in a Shariah Compliant manner, by investing a significant portion of the Fund’s net assets in deliverable gold based contracts available on PMEX.
Benchmark Combination of 70% PKR base closing price of physical gold and 30% 3 Month average deposit rates of 3 AA rated Islamic Banks
Minimum Investment Amount Rs.5,000 (and Rs. 1,000 thereafter)
Lock-in Period None
Management Fee 1.50%
Entry Load 2%
Exit Load Nil
Selling and Marketing Expense 0.70%
Systematic Investment Plan Facility Yes

Price Adjustment Charge (PAC) of 1% shall be added to NAV to determine Offer Price, and 1% shall be deducted from NAV to determine Redemption Price (Redemption Price also applied for Conversion Transaction).

Performance Table

Fund Performance Highlights FY22 FY21 FY20 FY19 FY18 FY17 FY16
MGF Returns 24.83% -0.65% 23.8% 30.4% 12.0% -7.2% 10.5%*
Benchmark Returns 22.71% 2.12% 21.3% 27.6% 12.7% -2.9% 16.0%
MGF Dividend (Rupees per unit) 0.50 5.90% 0.70*

*Interim Dividend for the period (August 13, 2015 – June 23, 2016), 322 Days of operations

Manage Investment at your fingertips!

  • Get account balance: SMS BAL (Portfolio ID) to ‘6655’
  • Daily NAV prices : SMS NAV to ‘6655’
  • Investment Advisor help : SMS ‘INVEST’ to ‘6655’

*The return on investment is not fixed and is subject to market risks. If you want to evaluate fund performance, you may refer to the Latest Fund Manager Report. Click here