The investment objective of the Meezan Daily Income Fund is to earn potentially high returns through investment as per respective Allocation Plans by investing in Shariah Compliant Fixed Income instruments.
Investment Strategy
The allocation plans under this fund shall primarily invest in Islamic Fixed Income instruments as per their respective authorized investible avenues, and as approved by the Shariah Advisor. The allocation plans under this fund shall be subject to such exposure limits as are specified in the Rules, the Regulations and directives issued by SECP from time to time.
Key Benefits
Attractive Halal returns as compared to other investment avenues
No Front-End Load
Moderate Risk
Over 29 years track record of managing your investments
Note: Moderate risk means Risk of Principal Erosion is Moderate
Fund Facts
Fund Type
Open End Shariah Compliant
Income Scheme
Fund Category
Income
Launch Date
26th Apr, 2024
Fund Size
3.32 Bn
as on August 30th, 2024
Benchmark
6 Months
Six (6) months average deposit rates of three (3) A rated scheduled Islamic Banks or Islamic windows of
conventional bank as selected by MUFAP.
Risk Profile
Moderate
Unit Types
B
Management Fee
1%
The Plan shall charge a Management
Fee of up to 1% per annum
Actual Rate of Management Fee
0.80%
Front End Load
Nil
Bank 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. 200,000 & its multiples
Open your ‘Investment Account’ wherever you are, whenever you want!
