Fund of Funds
Meezan Strategic Allocation Fund-II objective is to earn potentially high returns through investment as per respective Allocation Plans by investing in Shariah Compliant Fixed Income / Money Market Collective Investment Schemes and Equity based Collective Investment Schemes.
For taking exposure to equities, the Allocation Plan shall primarily invest in Shariah Compliant Equity and Islamic Index Schemes managed by Al Meezan and also other Asset Management Companies subject to the prior approval of the Shariah Advisor. Whereas for taking exposure to Fixed Income / Money Market asset classes, the Plan shall invest in Shariah Compliant Money Market and Shariah Compliant Fixed Income Schemes 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) and Shariah GOP Ijara Sukuk not exceeding 90 days remaining maturity as approved by the Shariah Advisor.
| FY23 | FY22 | FY21 | FY20 | FY19* | FY18* | FY17 | FY16 | FY15 | |
|---|---|---|---|---|---|---|---|---|---|
| MCPP-IV | 10.16% | -0.79% | 12.24% | 2.30% | 0.70% | -0.40% | - | - | - |
| Benchmark | 5.17% | -2.21% | 9.08% | -1.43% | -2.60% | -1.00% | - | - | - |
| MCPP-V | 11.36% | 6.02% | 8.18% | 3.12% | 0.20% | 0.10% | - | - | - |
| Benchmark | 5.22% | 1.63% | 4.34% | -0.18% | -2.80% | 0.10% | - | - | - |
| MCPP-VI | 16.32% | 9.52% | 7.42% | 0.43% | -0.10% | - | - | - | - |
| Benchmark | 6.27% | 3.65% | 3.76% | -1.17% | -3.80% | - | - | - | - |
| MCPP-VII | 15.82% | 7.30% | 7.45% | 0.34% | 0.10% | - | - | - | - |
| Benchmark | 6.39% | 2.62% | 3.52% | 1.00% | -3.60% | - | - | - | - |
