Thank you for investing in Meezan Capital Preservation Plan – VIII (MCPP-VIII) and entrusting us with the responsibility of managing your investments. We would like to inform you that the maturity of MCPP-VIII is due on August 28, 2021.
Al Meezan Investment Management Limited (“Al Meezan”), the management company of the Plan shall redeem the units of the Plan at the redemption price of August 27, 2021 and shall make the payment thereof within 06 business days of the maturity. We would recommend you to convert your investment amount in our Money Market Fund – Meezan Cash Fund or Income Fund – Meezan Islamic Income Fund to ensure that you continue to earn halal returns instead of letting your savings stay idle. Furthermore, if your risk profile and investment time horizon allows you can invest in Balanced or Equity Funds as well.
For your convenience, in case you wish to convert (click to view) a conversion form for you to provide us your consent to convert MCPP-VIII proceeds in any of our other funds. Please also (click to view) the Fund Managers Report to facilitate your decision making. However, in case the signed consent letter(click to view)is not received by us till August 25, 2021, the proceeds will automatically be paid to you.
Should you require any further clarification on this investment or any other investment products of Al Meezan, kindly contact your investment advisor or give us a call on our Toll Free number 0800 – 42525.
Disclaimer: All investments in mutual funds are subject to market risks. Past performance is not necessary indicative of the future results. Please read the Offering Document to understand the investment policies, tax implications and risks involved. The performance data has been computed NAV to NAV with dividend reinvested and does not include cost incurred by investor in the form of sales-load etc. Risk Profile/Risk of Principal Erosion: Plan Specific (Medium).