Al Meezan Investments

Equity Funds

Equity schemes aim to provide potential for high growth and returns with a relatively high level of risk, by investing in listed securities. Such schemes are mostly actively managed, and are best suited for investors with a long term investment horizon.

Meezan Islamic Fund is an open-end Shariah Compliant equity scheme. The Fund invests only in those listed companies that have been approved by our Shariah Advisor as Shariah compliant.

Investment Objective & Philosophy

The Fund seeks to generate long-term capital appreciation in a Shariah compliant manner. Emphasis is on contribution towards growth, both through appreciation and dividend income.

The investment strategy of the scheme is to identify and invest in businesses which have foreseeable growth prospects. The investment team also monitors change in management (of these businesses) and key strategic decisions of management which could positively or negatively affect growth over the next 3-5 years.

Key Benefits

  • The Largest Open-end Equity Fund in the Private Sector in Pakistan with over PKR 25.4 Billion assets under management as on September 30, 2015
  • Cumulative return since inception (Aug 8, 2003 till Sep 30, 2015) is 913% in PKR terms
  • Average Annualized return since inception (August 8, 2003 till Sep 30, 2015) is 21% in PKR terms
  • Strong long-term performance track record both in absolute terms and relative to its benchmark
  • Managed by the only Shariah compliant Asset Management Company in Pakistan with a solid track record of over 20 years, and under the supervision of the Shariah Supervisory Board of Meezan Bank headed by Justice (Retd.) Mufti Muhammad Taqi Usmani

Product suitable for investors who are seeking*:

  • Long term wealth creation solution
  • A diversified equity fund that aims for capital appreciation by investing in Shariah compliant equity securities
  • High risk and return potential (Brown)

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

Investment Growth

If you invested Rs. 100,000 in MIF at the time of launch in August 2003, the value of your investment has increased by 913% to reach Rs. 1,013,000 as on September 30, 2015.

Note: Risk is represented as:
LowMediumHigh

Key Features

Scheme Name Meezan Islamic Fund
Scheme Type Open-end Islamic Equity Fund
Date of Inception August 8, 2003
Fund Size – Sep 30, 2015 Rs. 25,441 millionn
Objective of the scheme The Fund seeks to maximize total investor returns by investing in Shariah Compliant equities focusing on both capital gains and dividend income.
Benchmark KMI-30 Index
Minimum Investment Amount Rs.5,000 (and Rs. 1,000 thereafter)
Lock-in Period None
Management Fee 2%
Entry Load 2%
Exit Load Nil
Tax Benefits Tax credit (as per prevailing Tax Rules)* on maximum 20% of your taxable income or Rs. 1,500,000, whichever is lower.
*Under Section 62 of the Income Tax Ordinance 2001
Systematic Investment Plan Facility Yes
Fund performance Highlights FY15 FY14 FY13 FY12 FY11 FY10
MIF Returns 22% 29% 51% 19% 39% 31%
KMI 30 – Index Returns 20% 30% 54% 14% 44% 37%
MIF Dividend (Rupees per unit) 2.20 7.65 17.50 8.25 10.00 9.00

Note: For details on Tax Credit, please Click Here

Al Meezan Mutual Fund is an open-end Shariah Compliant equity scheme. The investment strategy of the scheme is to identify and invest in businesses which have foreseeable growth prospects. Al Meezan Mutual Fund ( previously a closed end equity fund ) was converted into an open- end equity fund with effect from August 5, 2011.

Investment Objective & Philosophy

The objective of the fund is to optimize total investment returns, both capital gains and dividend income through prudent investment management.

The fund follows a top-down approach, where the investment team will first analyze the broader economic outlook, identify the sectors to invest in, and finally pick stocks. The funds’ investments are well diversified across companies and sectors in line with regulatory requirements and company policies.

Key Benefits

  • Impressive long-term performance track record of 20 years both in absolute terms and relative to its benchmark.
  • The Fund has generated a total return of 2,190% since inception (July 13, 1995 till September 30, 2015).
  • Average Annualized return since inception (July 13, 1995 till September 30, 2015) is 17% in PKR terms.
  • Managed by the only Shariah compliant Asset Management Company in Pakistan with a solid track record of over 20 years, and under the supervision of the Shariah Supervisory Board of Meezan Bank headed by Justice (Retd.) Mufti Muhammad Taqi Usmani

Product suitable for investors who are seeking*:

  • Long term wealth creation solution
  • A diversified equity fund that aims for capital appreciation by investing in Shariah compliant equity securities
  • High risk and return potential (Brown)

*Investors are encouraged to consult their financial advisers prior to investing in the product.

Investment Growth

If you invested Rs. 100,000 in AMMF at the time of launch in July 1995, the value of your investment has increased by 2,190% to reach Rs. 2,290,000 as on September 30, 2015.

Note: Risk is represented as:
LowMediumHigh

Key Features

Scheme Name Al Meezan Mutual Fund
Scheme Type Open-end Islamic Equity Fund
Date of Inception July 13, 1995
Fund Size – Sep 30, 2015 Rs. 3,912 million
Objective of the scheme The Fund seeks to maximize total investor returns by investing in Shariah Compliant equities focusing on both capital gains and dividend income.
Benchmark KMI-30 Index
Minimum Investment Amount Rs.5000 (and Rs. 1,000 thereafter)
Lock-in Period None
Management Fee 2%
Entry Load 2%
Exit Load Nil
Tax Benefits Tax credit (as per prevailing Tax Rules)* on maximum 20% of your taxable income or Rs. 1,500,000, whichever is lower.
*Under Section 62 of the Income Tax Ordinance 2001
Systematic Investment Plan Facility Yes
Fund performance Highlights FY15 FY14 FY13 FY12 FY11 FY10
AMMF Returns 22% 30% 51% 19% 38% 31%
KMI 30 – Index Returns 20% 30% 54% 14% 44% 37%
AMMF Dividend ( Rupees per unit/certificate) 0.68* 2.40 3.50 2.00 2.10 1.85

*Interim Dividend for the period (July 1, 2014 – June 25, 2015)

Note: For details on Tax Credit, please Click Here

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