Fund of Funds
Meezan Strategic Allocation Fund’s objective is to actively allocate its portfolio between the equity schemes and fixed income/money market schemes based on the macroeconomic view of the fund manager on such asset classes.
The Allocation Plan(s) under this fund shall primarily invest in Shariah Compliant Islamic Equity and Islamic Index Funds managed by Al Meezan and also other Asset Management Companies subject to prior approval of the Shariah Advisor. Whereas for taking exposure to Fixed Income/Money Market, the plans shall invest in Islamic Money Market and Islamic Fixed Income Funds managed by Al Meezan or other Asset Management Companies as well as in Cash at Bank Accounts of Islamic Banks and licensed Islamic Banking windows of conventional banks (excluding TDRs) as approved by the Shariah Advisor.
| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18* | FY17* | FY16 | FY15 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSAF-I1
| 48.52% |
3.30% |
-6.25% |
26.96% |
7.93% |
-17.10% |
-12.80% |
8.90% |
- |
- |
|
| Benchmark | 44.10% | 3.60% | -7.23% | 30.07% | 5.99% | -16.00% | -7.10% | 8.10% | - | - |
| MSAF-II2 | 49.26% | 3.37% | -6.61% | 26.29% | 6.51% | -15.90% | -12.80% | -1.20% | - | - |
| Benchmark | 43.70% | 3.51% | -7.28% | 29.94% | 5.37% | -16.10% | -7.20% | -2.80% | - | - |
| MSAF-III3 | 48.55% | 3.26% | -7.41% | 27.13% | 6.73% | -16.10% | -13.10% | -3.30% | - | - |
| Benchmark | 44.25% | 3.66% | -7.29% | 29.92% | 5.41% | -16.10% | -7.00% | -5.00% | - | - |
| MSAF-IV4 | 48.28% | 2.87% | -6.78% | 27.49% | 6.89% | -16.10% | -11.90% | -3.00% | - | - |
| Benchmark | 44.12% | 3.60% | -7.29% | 30.08% | 5.45% | -16.10% | -6.40% | -6.50% | - | - |
| MSAF-V5 | 46.72% | 2.65% | -7.52% | 28.25% | 6.47% | -15.90% | -2.50% | - | - | - |
| Benchmark | 42.10% | 3.72% | -7.26% | 29.80% | 5.91% | -16.10% | 2.70% | - | - | - |
