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Meezan Paaidaar Munafa Plan(s)

Meezan Paaidaar Munafa Plan-XIII

Objective Of The Plan

The “Meezan Paaidaar Munafa Plan – XIII (MPMP –XIII) is an Allocation Plan under “Meezan Fixed Term Fund (MFTF)” with an objective to provide investors with a competitive rate of return, for fixed tenure by investing primarily in Shariah Compliant TDRs and money market placements/ Instruments for a specific duration.

Key Benefits

  • Attractive Halal returns as compared to other investment avenues
  • No Front-End Load
  • Very Low Risk Product; suitable for investors looking for short to medium term investment horizon
Note: Very Low to Moderate Risk means Risk of Principle Erosion is Very Low to Moderate.

Plan Details

Plan Name Meezan Paaidaar Munafa Plan-XIII
Plan Category Open end Shariah Compliant Collective Investment Scheme as per SECP’s Circular No.3 of 2022
Date of Inception 12th December, 2024
Duration of the Plan Duration of the Fund will be Perpetual; however, the Maturity of the Plan shall be as (34) Days.
Fund Size – December 31st, 2024 Rs. 2.55 Billion
Benchmark Average deposit rates (for comparable period of the plan) of three (3) AA rated scheduled Islamic Banks or Islamic windows of conventional bank as selected by MUFAP at the time of plan launch.
Minimum and Subsequent Investment Rs. 500,000 & its multiples
Contingent Load Contingent load shall be charged on redemption prior to maturity and shall commensurate with net loss incurred due to Early Redemption, as determined by the Management Company.
Management Fee Up to 5% of the gross earnings of the Scheme, calculated on a daily basis, subject to a minimum of 0.10% of the average daily net assets of the Scheme.
Target Towards Individuals, HNWI’s, Corporates, Banks, DFI’s, Insurance Companies, Employee Retirement and Endowment funds, Charitable Institutions and Trusts & NGO’s. Primarily that clientele which seeks better returns than available by TDRs of corresponding tenure, while not seeking liquidity prior to initial maturity of the plans.
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Authorized Investments

Meezan Paaidaar Munafa Plan-XIII (MPMP-XIII)

Authorized Investments Entity / Instruments Rating Maximum Exposure Minimum Exposure Maturity
A. Shariah Compliant GOP Issued/guaranteed Securities N/A 100% 0% N/A
B. Cash at Bank (excluding TDRs) with licensed Islamic Banks or Islamic Branches/Windows of Conventional Banks, Shariah Compliant Government Securities including GoP Ijarah Sukuk not exceeding 90 days maturity. AA 100% 0% N/A
C. Shariah Compliant Placements AA 100% 0% Equal to the Actual Maturity of the Plan
The weighted average time to maturity of the 90% net assets shall not exceed the maturity of the plan. Investments shall be made as per the authorized investment limits given above and may be made according to the following mode of Shariah Transaction such as; principles of Bai’-Mu’ajjal, Bai’-Mussawwama, Bai’-Salam, Istisna’a, Mudaraba, Murabaha and Musharakah or any other structure as approved by the Shariah Advisor from time to time. The Fund, in light of its investment objective and investment policy, shall exclusively invest in Shariah Compliant investments transacted, traded or listed in Pakistan. Any investment made outside Pakistan shall be subject to prior approval of the State Bank of Pakistan and SECP.
FAQs
Term sheet
Offering Document
Fatwah
Risk Disclaimer: All investments in Mutual Funds and Pension Fund are subject to market risks. Past performance is not necessarily 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. The investors are advised in their own interest to carefully read the contents of the Offering Document, in particular the Investment Policies mentioned in clause 2, Risk Factors mentioned in clause 2.9, Taxation Policies mentioned in Clause 7 and Warnings in Clause 9 before making any investment decision. The Allocation Plan falls under Meezan Fixed Term Fund.

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*The return on investment is not fixed and is subject to market risks. If you want to evaluate fund performance, you may refer to the Latest Fund Manager Report. Click here