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*One Month Absolute Return as of 30-Sep-2020 based on NAV to NAV with dividend reinvestment, Benchmark return: 0.32%. Fund Category: Shariah Compliant Asset Allocation 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

Diversified Equity portfolio

Diversified exposure to stock market

Diversified Shariah compliant equity / debt securities

Diversified portfolio of high quality Shariah compliant equity / debt securities

Equity Exposure as per Shariah guidelines

The fund practices Shariah complaint equity exposure

High Risk

The fund is suitable for investors with High Risk appetite

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Long Term Capital Appreciation

Potential for capital appreciation over long term

Long term investment horizon

Suitable for investors looking for more than 3 years Investment Horizon

Potentially high returns

Potential to generate Return in the longer horizon over and above Fixed Income Securities

Seasoned Fund Managers

Managed by seasoned fund managers

Tax Benefits

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

Investment Objective

The objective of AGIVF is to earn a potentially high return through the allocation of assets between Shari’ah Equity Instruments, Shari’ah Fixed Income Instruments and any other Shari’ah instrument as permitted by the SECP and Shari’ah Advisor.

Fund Details

  • Category
  • Shariah Compliant Asset Allocation
  • Fund Type
  • Open Ended
  • Benchmark
  • The benchmark shall be KMI 30 Index and Six (6) months average deposit rates of three (3) A rated Scheduled Islamic Banks or Islamic Banking windows of Conventional Banks as selected by MUFAP on the basis of actual proportion held by the scheme
  • Launch Date
  • -
  • Pricing
  • Forward Day
  • Sales Load
  • -
  • Risk Profile
  • Moderately High
  • Management Fee
  • 2.0% p.a.
  • Minimum Initial Investment
  • PKR 10,000
  • Minimum Subseq. Investment
  • -
  • 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

FMR Snapshot

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