Al Meezan Investment Management Limited (Al Meezan) announced on June 23, 2016 Interim cash dividend of Rs. 265 crores for unit holders of Meezan family of funds. This amount is being disbursed to unit holders immediately so that they can get credit in their specified bank account before 30th June.
Total assets under management of Al Meezan recorded a phenomenal growth of about 13%, rising to Rs. 75.01 Billion (May 31, 2016) from Rs. 66.4 billion in June 2015. Al Meezan with AM2++ Management Quality rating has further strengthened its position of being the largest private sector asset management company in Pakistan.
The details of the dividend are as follows:
|
FUND |
PAYOUT |
Return % for |
|
|
Equity Funds |
|||
| Meezan Islamic Fund (MIF) | Rs. 2.95 per unit i.e. 5.90% of the par value of Rs. 50/- each and 5.01% of the opening Ex-NAV as at July 1, 2015 of Rs. 58.91/-. |
17.35% |
|
| Al Meezan Mutual Fund (AMMF) | Rs. 0.82 per unit i.e. 8.20% of the par value of Rs. 10/- each and 5.04% of the opening Ex-NAV as at July 1, 2015 of Rs. 16.28/-. |
15.49% |
|
|
Income Funds |
|||
| Meezan Islamic Income Fund (MIIF) | Rs. 2.50 per unit i.e. 5.00% of the par value of Rs. 50/- each and 4.92% of the opening Ex-NAV as at July 1, 2015 of Rs. 50.85/-. |
5.84% |
|
|
Money Market Funds |
|||
| Meezan Cash Fund (MCF) | Rs. 2.25 per unit i.e. 4.50% of the par value of Rs. 50/- each and 4.49% of the opening Ex-NAV as at July 1, 2015 of Rs. 50.10/-. |
4.52% |
|
|
Index Tracker |
|||
| KSE Meezan Index Fund (KMIF) | Rs. 2.35 per unit i.e. 4.70% of the par value of Rs. 50/- each and 3.28% of the opening Ex-NAV as at July 1, 2015 of Rs. 71.70/-. |
13.84% |
|
|
Balanced |
|||
| Meezan Balanced Fund (MBF) | Rs. 0.60 per unit i.e. 6.00% of the par value of Rs. 10/- each and 4.09% of the opening Ex-NAV as at July 1, 2015 of Rs. 14.67/-. |
12.08% |
|
|
Fund Of Funds |
|||
| Meezan Financial Planning Fund of Funds – MCPP-I (MFPF – MCPP-I) | Rs. 3.90 per unit i.e. 7.80% of the par value of Rs. 50/- each and 7.24% of the opening Ex-NAV as at July 1, 2015 of Rs. 53.89/-. |
10.47% |
|
| Meezan Financial Planning Fund of Funds – MCPP-II (MFPF – MCPP-II) | Rs. 2.70 per unit i.e. 5.40% of the par value of Rs. 50/- each and 5.38% of the opening Ex-NAV as at July 1, 2015 of Rs. 50.17/-. |
6.53% |
|
| Meezan Financial Planning Fund of Funds – Aggressive (“MFPF – AGG”) | Rs. 6.00 per unit i.e. 12% of the par value of Rs. 50/- each and 8.56% of the opening Ex-NAV as at July 1, 2015 of Rs. 70.06/-. |
13.35% |
|
| Meezan Financial Planning Fund of Funds – Moderate (“MFPF – MOD”) | Rs. 6.25 per unit i.e. 12.50% of the par value of Rs. 50/- each and 9.72% of the opening Ex-NAV as at July 1, 2015 of Rs. 64.30/-. |
11.58% |
|
| Meezan Financial Planning Fund of Funds – Conservative (“MFPF – CON”) | Rs. 5.90 per unit i.e. 11.80% of the par value of Rs. 50/- each and 9.63% of the opening Ex-NAV as at July 1, 2015 of Rs. 61.27/-. |
8.68% |
|
| Meezan Financial Planning Fund of Funds – Meezan Asset Allocation Plan I (“MFPF – MAAP I”)
(For the period from July 10, 2015 to June 23, 2016) |
Rs. 1.80 per unit i.e. 3.60% of the par value of Rs. 50/- each. |
11.61% |
|
| Meezan Financial Planning Fund of Funds – Meezan Asset Allocation Plan II (“MFPF – MAAP II”)
(For the period from November 27, 2015 to June 23, 2016) |
Rs. 2.65 per unit i.e. 5.30% of the par value of Rs. 50/- each. |
14.75% |
|
| Meezan Financial Planning Fund of Funds – Meezan Asset Allocation Plan III (“MFPF – MAAP III”)
(For the period from January 26, 2016 to June 23, 2016) |
Rs. 2.70 per unit i.e. 5.40% of the par value of Rs. 50/- each. |
13.42% |
|
| Meezan Financial Planning Fund of Funds – Meezan Asset Allocation Plan IV (“MFPF – MAAP IV”)
(For the period from May 24, 2016 to June 23, 2016) |
Rs. 1.95 per unit i.e. 3.90% of the par value of Rs. 50/- each. |
0.94% |
|
|
Commodity Funds |
|||
| Meezan Gold Fund (MGF) (For the period from August 13, 2015 to June 23, 2016) |
Re. 0.70 per unit i.e. 1.40% of the par value of Rs. 50/- each. |
5.51% |
|
Mr. Mohammad Shoaib, CFA, CEO of Al Meezan thanked the investors for reposing their trust and confidence in the fund management capabilities of Al Meezan team. Al Meezan offers a complete range of Shariah Compliant investment solutions to meet the diverse investment needs of its investors which exceed 42,000 including over 1,000 institutional investors.