Al Meezan Investments

Sector Funds

Sector Funds is a mutual fund that invests in a specific sector of the economy, such as energy or utilities.

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.

Key Features

Scheme Name Meezan Energy Fund
Scheme Type Open-end Islamic Sector (Equity)Fund
Date of Inception November 29, 2016
Fund Size- July 31, 2017 Rs. 1,400 million
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 2%
Entry Load 3%
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

Performance Table

Fund Performance Highlights FY17
MEF Returns 6.9%
Benchmark Returns 9.3%
MEF Dividend (Rupees per unit) 3.25*

*(For the period November 29, 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