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 PKR 20.78 billion assets under management as on December 30th, 2022
- Cumulative return since inception (August 8, 2003 till December 30th, 2022) is 1053.51% in PKR terms
- Average Annualized returns since inception (August 8, 2003 till December 30th, 2022) is 13.43 in PKR terms
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
*Investors are encouraged to consult their Investment advisor prior to investing in the product.
Investment Growth
MIF has provided 45% return in Calendar Year 2016. If you had invested Rs. 100,000 in January 2016,the value of your investment has increased to reach Rs. 145,000 as on December 31, 2016.
If you invested Rs. 100,000 in MIF at the time of launch in August 2003, the value of your investment has increased by 1053.51% to reach Rs. 1,153,510 as on December 30th , 2022.
Note: High Risk means Risk of Principal Erosion is High
Key Features
| Scheme Name | Meezan Islamic Fund |
|---|---|
| Scheme Type | Open-end Islamic Equity Fund |
| Date of Inception | August 8, 2003 |
| Fund size – December 30th, 2022 | Rs. 20.78 Billion |
| 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 |
| Selling and Marketing Expense | 0.1% |
| Systematic Investment Plan Facility | Yes |
| Fund performance Highlights | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MIF Returns |
-11.27% |
35.5% | 2.8% | -24.3% | -17% | 22.9% | 17% | 22% | 29% | 51% | 19% | 39% | 31% |
| KMI 30 – Index Returns |
-10.25% |
39.3% | 1.6% | -23.8% | -10% | 18.8% | 16% | 20% | 30% | 54% | 14% | 44% | 37% |
| MIF Dividend (Rupees per unit) | – | – | 2.5000 | – | – | 5.00* | 2.95* | 2.20 | 7.65 | 17.50 | 8.25 | 10.00 | 9.00 |
*Interim Dividend for the period (July 1, 2016 – June 22, 2017)
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 over 27 years both in absolute terms and relative to its benchmark.
- The fund generated a total return of 4811.00% since inception (July 13, 1995 till December 30th, 2022)
- Average Annualized return since inception (July 13, 1995 till December 30th, 2022) is 15.22% in PKR terms
- Managed by the only Shariah compliant Asset Management Company in Pakistan with a solid track record of over 27 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
*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 4811.00% to reach Rs. 4,911,000 as on December 30th , 2022.
Note: High Risk means Risk of Principal Erosion is High
Key Features
| Scheme Name | Al Meezan Mutual Fund |
|---|---|
| Scheme Type | Open-end Islamic Equity Fund |
| Date of Inception | July 13, 1995 |
| Fund Size – December 30th, 2022 | Rs. 4.05 Billion |
| 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 | Contingent Load |
| Selling and Marketing Expense | 0.1% |
| Systematic Investment Plan Facility | Yes |
| Fund performance Highlights | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMMF Returns |
1 0.91% |
32.5% | 3.1% | -24.4% | -16% | 23% | 16% | 22% | 30% | 51% | 19% | 38% | 31% |
| KMI 30 – Index Returns |
-10.25% |
39.3% | 1.6% | -23.8% | -10% | 19% | 16% | 20% | 30% | 54% | 14% | 44% | 37% |
| AMMF Dividend ( Rupees per unit/certificate) | – | – | 0.4500 | – | – | 1.00* | 0.82** | 0.68* | 2.40 | 3.50 | 2.00 | 2.10 | 1.85 |
*Interim Dividend for the period (July 1, 2016 – June 22, 2017)