Al Meezan Investments

Fund of Funds

Fund of Funds are schemes that invest in other mutual fund schemes. The portfolio of these schemes comprises only of units of other mutual fund schemes. These funds offer diversification benefits and hence reduce volatility of funds.

Meezan Financial Planning Fund

Meezan Financial Planning Fund is a Shariah Compliant open-end fund of fund scheme. It is designed to help you in achieving your financial goals in life.

Investment Objective & Philosophy

The Fund seeks to generate returns on Investment as per respective allocation plans by investing in Shariah Compliant Fixed Income and Equity Mutual Funds in line with the risk tolerance of the Investor. MFPF is designed to provide investors with a total solution, from choice of various allocation plans, disciplined investing process to automatic portfolio rebalancing (as per constitutive documents of the fund).

Key Benefits

  • Meezan Financial Planning Fund is Pakistan’s first Shariah Compliant open-end fund of fund scheme
  • You can have access to top performing funds of Al Meezan, all having different investment strategies, through one investment vehicle – Meezan Financial Planning Fund (MFPF).
  • No more worries about which fund to buy and sell, when to buy and sell, MFPF does all this for you automatically, and in a tax efficient manner.
  • Periodic rebalancing to maintain pre-defined allocation ensures focused investment strategy eliminating human intervention.
  • 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.

This product is suitable for investors who are seeking*:

  • A targeted investment strategy for investment in order to achieve desired financial goals in life.
  • Investment in a disciplined manner through SIP, especially in risky funds and also having the comfort of not being penalized should they miss any monthly payment.
  • Different allocation strategies that suit varying risk profiles

Risk and return varies as per the chosen risk profile and allocation scheme.

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

Key Features

Scheme Name Meezan Financial Planning Fund
Scheme Type Open-end Islamic Fund of Fund
Date of Inception April 10, 2013
Fund Size – March 31, 2017 Rs. 11,721 million
Objective of the scheme The Fund seeks to generate returns on Investment as per respective allocation plans by investing in Shariah Compliant Fixed Income and Equity Mutual Funds in line with the risk tolerance of the Investor.
Allocation  Plans 8 Allocation Plans (Existing)
Objective of Plans under MFPF Aggressive Allocation Plan: The plan will seek to provide capital appreciation by investing a minimum of 65% of its net assets in Shariah Compliant Equity Funds with the remaining to be invested in Shariah Compliant Fixed Income Funds.
Moderate Allocation Plan: The plan will seek to provide a mix of capital appreciation and stable returns by investing a minimum of 45% of its net assets in Shariah Compliant Equity Funds with the remaining to be invested in Shariah Compliant Fixed Income Funds.
Conservative Allocation Plan: The plan will seek to provide stable returns by investing a minimum of 20% of its net assets in Shariah Compliant Equity Funds, with the remaining to be invested in Shariah Compliant Fixed Income Funds.
Minimum Investment Amount Rs.5,000 (and Rs. 1,000 thereafter)
Lock-in Period None
Management Fee No fee if invested in own funds and 1% on Cash
Entry Load Aggressive Allocation Plan: 2.0%
Moderate Allocation Plan: 1.5%
Conservative Allocation Plan: 1.0%
Exit Load Nil
Rebalancing Frequency Quarterly*
*exceptions may apply in compliance with Offering Document
Benchmark Aggressive Allocation Plan:65% KMI-30 & 35% Average return on 6-month Islamic bank deposits
Moderate Allocation Plan: 50% KMI-30 & 50% Average return on 6-month Islamic bank deposits
Conservative Allocation Plan: 20% KMI-30 & 80% Average return on 6-month Islamic bank deposits
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

FY16 FY15 FY14 FY13
MFPF – Aggressive Allocation Plan Returns 13.3% 16.5% 22.10% 9.0%*
Aggressive Benchmark Returns 11.7% 15.1% 21.70% 7.9%
MFPF – Moderate Allocation Plan Returns 11.3% 13.6% 17.30% 6.5%*
Moderate Benchmark Returns 10.0% 12.9% 18.20% 6.2%
MFPF – Conservative Allocation Plan  Returns 8.7% 10.1% 12.60% 3.8%*
Conservative Benchmark Returns 6.7% 8.6% 11.20% 3.6%
MFPF – Aggressive Allocation Plan Dividend  ( Rupees per unit) 6.00 4.25 1.70
MFPF – Moderate Allocation Plan Dividend  ( Rupees per unit) 6.25 3.90 1.65
MFPF – Conservative Allocation Plan Dividend ( Rupees per unit) 5.90 2.05 0.60

**Interim Dividend for the period (July 1, 2015 – June 23, 2016)
* Launch Date Apr 11, 2013
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