Meezan Energy Fund
Meezan Energy Fund (MEF) is a Shariah Compliant Energy Sector (Equity) Scheme. It is an actively managed fund offering a simple way to take exposure to Shariah compliant energy sector stocks available at Pakistan Stock Exchange (PSX).
Investment Objective & Philosophy
The objective of MEF is to seek long term capital appreciation through investments in Shariah compliant equity stocks, primarily from the energy sector.
Key Benefits
- Meezan Energy Fund is an open-end Shariah Compliant Energy (equity) scheme
- Exposure in Shariah Compliant Energy sector stocks of Pakistan Stock Exchange (PSX)
- Up to 100% equity (Sector) participation possible, based on fund manager’s outlook on Sector
- An opportunity to participate in a mature sector that is envisioned to benefit from the Flagship China Pakistan Economic Corridor (CPEC) projects
- Benefit from the expected rise in global oil prices.
- Actively managed by experienced Fund Managers
- No lock-in period and back end load
- Tax Benefits as per Section 62 of ITO
- Under supervision of Shariah Board of Meezan Bank.
This product is suitable for investors who are seeking*:
- Long term capital appreciation
- Investors looking to allocate funds to Energy Sector.
- Risk and Return potential: High
*Investors are encouraged to consult their Investment advisors prior to investing in the product.
Note: High Risk means Risk of Principal Erosion is High
Key Features
| Scheme Name | Meezan Energy Fund |
|---|---|
| Scheme Type | Open-end Islamic Sector (Equity)Fund |
| Date of Inception | November 29, 2016 |
| Fund Size- March 31st, 2023 | Rs. 0.58 Billion |
| Objective of the scheme | The Fund seeks to generate long term capital appreciation through investments in Shariah compliant equity stocks, primarily from the energy sector/segment/industry, as defined in the constitutive documents. |
| Benchmark | KMI-30 Index |
| Minimum Investment Amount | Rs.5,000 (and Rs. 1,000 thereafter) |
| Lock-in Period | None |
| Management Fee | Up to 3% |
| Entry Load | 3% |
| Exit Load | Nil |
| Selling and Marketing Expense | 0.4% |
| Systematic Investment Plan Facility | Yes |
Performance Table
| Fund Performance Highlights | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|
| MEF Returns |
-8.10% |
14.3% | -10.0% | -33.0% | -0.9% | 6.9% |
| Benchmark Returns |
-10.25% |
39.3% | 1.6% | -23.8% | -9.6% | 9.3% |
| MEF Dividend (Rupees per unit) | – | – | – | – | 3.25* | – |
*(For the period November 29, 2016 – June 22, 2017)