Loading…

Shariah Advisors: Mufti Javed Ahmad and Mufti Atta Ullah

*One Month Annualized Return as of 30-Sep-2020 based on NAV to NAV with dividend reinvestment, Benchmark return: 3.82%. Fund Category: Islamic Money Market 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

High Liquid

The fund invest in Cash and Near Cash Securities

High Quality Govt and Corporate Debt Securities

Exposure to Government and high quality corporate debt securities

Seasoned Fund Managers

Managed by seasoned fund managers

Stable & Comparative Returns

The fund has a potential of securing stable & comparative returns

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

Very Low Risk

The fund is suitable for investors with Very Low Risk appetite

Investment Objective

Alfalah Islamic Rozana Amdani Fund (AIRAF) objective is to provide competitive returns and to meet liquidity needs of investors by providing investors with a daily dividend by investing in low risk and highly liquid Shari’ah Compliant money market instruments. The Fund will primarily invest in Shariah Compliant Authorized Investments.

Fund Details

  • Category
  • Shariah Compliant Islamic Money Market
  • Fund Type
  • Open Ended
  • Benchmark
  • The three (3) months average deposit rates of three (3) AA rated Scheduled Islamic Banks or Islamic Banking windows of Conventional Banks as selected by MUFAP.
  • Launch Date
  • -
  • Pricing
  • Forward Day
  • Sales Load
  • Up to 0.5%
  • Risk Profile
  • Very Low
  • Management Fee
  • 2% of gross earnings subject to minimum floor of 0.25% of net assets p.a and maximum cap of 1.00% of net assets p.a
  • Minimum Initial Investment
  • Rs. 1,000
  • Minimum Subseq. Investment
  • Rs. 500
  • Trustee
  • Central Depository Company of Pakistan Limited (CDC)
  • 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

Discuss Your Plans
With Our Experts