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*One Month Annualized Return as of 30-Sep-2020 based on NAV to NAV with dividend reinvestment, Benchmark return: 3.86%. Fund Stability Rating: "AA- (f)" by PACRA 17-Apr-20. Fund Category: Islamic Income Scheme. Avail tax credit on investment up to Rs. 2,000,000/- or 20% of individual’s taxable income (whichever is lower) on an investment made in Mutual Funds as per section 62 of Income Tax Ordinance. For Funds’ categories, returns (including any unusual performance), ratings and other information, please read the latest Fund Manager Report. This publication is for informational purposes only and nothing herein should be construed as a solicitation, recommendation, or an offer to buy or sell any fund. All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Document to understand the investment policies and risks involved. All returns are calculated assuming reinvested dividends. Performance data does not include the cost incurred directly by an investor in the form of sales load etc.

Characteristics

Cash Management

Ideal for cash management in a Shariah compliant manner

Diversified Shariah compliant equity / debt securities

Diversified portfolio of high quality Shariah compliant equity / debt securities

Long term investment horizon

Suitable for investors looking for more than 3 years Investment Horizon

Medium Risk

The fund is suitable for investors with Medium Risk appetite

Seasoned Fund Managers

Managed by seasoned fund managers

Steady Returns

The fund has a potential of securing Steady Returns

Tax Benefits

Avail Tax Benefit up to 20% as per Income Tax Ordinance 2001

Investment Objective

AGIIF seeks to provide a stable return to its Unitholders through a combination of current income and long-term capital appreciation, consistent with low investment risk, in a Shariah-compliant manner.

The investment objective of AGIIF is to minimize risk, construct a liquid portfolio of Shariah approved fixed income instruments and provide competitive returns to Unitholders. The fund management team ensures the active implementation of prudent investment practices, the highest professional standards, and compliance will all applicable laws.

Fund Details

  • Category
  • Islamic Income Scheme
  • Fund Type
  • Open Ended
  • Benchmark
  • Six (6) months average deposit rates of three (3) A rated scheduled Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP
  • Launch Date
  • December 3, 2009
  • Pricing
  • Forward Day
  • Sales Load
  • 1.00%
  • Risk Profile
  • Low
  • Management Fee
  • 10% of the Gross Earnings subject to a minimum fee of 0.25% of average daily Net Assets and maximum fee of 1.5% of average Annual Net Assets
  • Minimum Initial Investment
  • PKR 500
  • Minimum Subseq. Investment
  • PKR 100
  • Trustee
  • Central Depository Company Pak Limited
  • Auditor
  • A. F. Ferguson & Co.
  • Listing
  • Pakistan Stock Exchange
  • Dealing Days
  • Monday to Friday
  • Cut-off Time
  • 9:00 am to 4:00 pm

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