0800 - HALAL (42525)

Money Market Funds

Meezan Rozana Amdani Fund

Investment Objective

Meezan Rozana Amdani Fund’s objective is to meet liquidity needs of investors by providing investors a daily payout through investment in Shariah Compliant money market instruments.

Investment Strategy

The Fund shall primarily invests in Shariah Compliant Authorized Investments. It shall be subject to such exposure limits as are specified in the Rules, the Regulations and directives issued by SECP from time to time. The Fund will make daily payout to the unit holders, which will be reinvested.

Benefits at a Glance

  • Competitive Halal Returns
  • Good Avenue for short term investments
  • Easy Online Investment & redemption Facility Available
  • Easy access through Mobile Application & Meezan Funds Online
  • Professional Management of your savings by experienced fund managers with a proven track record
  • Under the supervision of a reputable Shariah Advisor; Dr. Muhammad Imran Ashraf Usmani

Choose this Fund If You Are Seeking

  • Daily Dividend Units in your account

Fund Facts

Fund Type

Open End

Fund Category

Money Market

Launch Date

28th Dec, 2018

Fund Size

53.87 Bn

as on October 31st, 2024

Benchmark

3 Months

average deposit rates of Three (3) AA rated Islamic Banks or Islamic windows of conventional bank as Selected by MUFAP.

Risk Profile

Low

Unit Types

A, B and C

Management Fee

Up to 3.5%

of gross earnings subject to minimum floor of 0.10% of net assets p.a and maximum cap of 0.75% of net assets p.a

Actual Rate of Management Fee

0.80%

of net assets

Front End Load

Nil

Back End Load

Nil

Trustee

CDC

Central Depository Company Pakistan Limited

Listing

PSX

Pakistan Stock Exchange

Fund Manager

Faizan Saleem

Asset Manager Rating

AM1

by VIS & PACRA

Minimum Investment Amount

Rs. 500,000

& its multiples
Open Your Digital Account
Open your ‘Investment Account’ wherever you are, whenever you want!
Open Your Digital Account
Brochure

Fund Performance

FY24 FY23 FY22 FY21 FY20 FY19* FY18 FY17 FY16 FY15
MRAF

21.50%

 16.83% 9.95% 6.61% 11.76% 9.97% - - - -
Benchmark 10.28% 6.23% 3.68% 3.41% 5.37% 3.83% - - - -
* 183 Days of Operations