Index Tracker Funds - Al Meezan Investment Management Limited
Al Meezan Investments

Index Tracker Funds

Index-tracking funds, commonly called index funds, are funds set up to track the performance of an index. The investment objective of an index-tracker fund is to provide investors with returns that are in line with the performance of the benchmark index like KSE Meezan Index 30 (KMI-30).

KSE Meezan Index Fund

KSE Meezan Index Fund (KMIF) is an open-end Shariah Compliant index- tracker scheme. The fund enables investors to seek exposure to the KMI-30 index stocks in the same proportion as in the index.

Investment Objective & Philosophy

KMIF aims to mimic the performance of the KMI 30 index by using passive investment strategies with the objective to provide investors returns that are closely aligned with the returns of the tracked / benchmarked index. The fund only invests in stocks of companies included in the KMI 30 Index.

Key Benefits

  • Only fund that aims to track the most sought after Islamic Index available in Pakistan
  • A one-stop solution for putting your money into every single company that constitutes the KMI 30 Index.
  • Low cost in relation to lower Management Fee charged by the fund.
  • The Fund has generated a total return of 126.81% since inception (May 23, 2012 till September 30th, 2022).
  • Average Annualized return since inception (May 23, 2012 till September 30th, 2022) is 8.22% 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 a reputable shariah advisor, Dr. Imran Ashraf Usmani.

This product is suitable for investors who are seeking*:

  • Cost efficient way to invest in KMI 30 Index
  • A passive investment philosophy and do not want to be dependent on security selection and sector allocation by Fund Manager
  • High risk and return potential

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

Investment Growth

If you invested Rs. 100,000 in KMIF at the time of launch in May 2012, the value of your investment has increased by 4682.55% to reach Rs. 4,782,550 as on September 30th, 2022.

High

Note: High Risk means Risk of Principal Erosion is High

Key Features

Scheme Name KSE Meezan Index Fund
Scheme Type Open-end Islamic Index Tracker Fund
Date of Inception May 23, 2012
Fund Size – September 30th, 2022 Rs. 2.68 Billion
Objective of the scheme The objective of the fund is to provide investors an opportunity to track closely the performance of the KSE-Meezan Index 30 (KMI 30) by investing in companies of the Index in proportion to their weightage.
Benchmark KMI-30 Index
Minimum Investment Amount Rs.5,000 (and Rs. 1,000 thereafter)
Lock-in Period None
Management Fee 1%
Entry Load 2%
Exit Load Nil
Systematic Investment Plan Facility Yes
Fund performance Highlights FY22 FY21 FY20 FY19 FY18 FY17 FY16 FY15 FY14 FY13 FY12
KMIF Returns

-10.69%

36.4% 0.9% -25.0% -11.2% 15.9% 13.3% 17.1% 26.50% 49.60% -2.4%*
KMI 30 – Index Returns

-10.25%

39.3% 1.6% -23.8% -9.6% 18.8% 15.5% 20.1% 29.90% 54.40% -1.9%
KMIF Dividend ( Rupees per unit) 12.00* 2.32* 1.85 9.80 15.40 N/A*

*Launch date May23, 2012

*Interim Dividend for the period (July 1, 2016 – June 22, 2017)

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