Investor’s with very low risk appetite and looking for short term return will get benefit.
Investors will be intimated at the time of investment a promised rate of return which will be delivered at the time of maturity of the Plan
| Maturity Date of the Allocation Plan | April 18, 2024 |
|---|---|
| Risk Profile | Very Low (Principal at very low risk) |
| Investment Commitments | All Investment Commitments will be accepted till April 12,2023. Note: Participation in ALHWP VII is subject to successful participation in GoP Ijarah Sukuk’s auction which is due to be held on April 13, 2023. In case where required amount is not fully allocated in auction then the Management Company would accept participation on pro-rata basis in the ALHWP VII, while returning the remaining amount back to investor. Further, in case where the entire auction participation does not materialize, then Management Company shall return the entire amount to the participants. |
| Currency | PKR |
| Asset Manager Rating | AM1 (AM 1) by PACRA |
| Pricing Mechanism | Backward Pricing |
| Scheme Category | An Open-End Fixed Rate/ Return Scheme |
| Maturity Date of the Allocation Plan | January 31, 2023 |
| Suitable Investment | Rs.5,000,000/- and above. |
| Listing | Listed on Pakistan Stock Exchange as an Open End Scheme |
| Trustee | Central Depository Company of Pakistan Limited |
| Fund Manager | Syed Mohammad Usama Iqbal |
| Auditor | M/s. M. Yousuf Adil Saleem & Co. Chartered Accountants |
| Benchmark ( ALHWP VII ) | Three (3) months average deposit rates of three (3)AA rated Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP. |
| Zakat & Taxation | Zakat Deduction as per Zakat & Ushr Ordinance, 1980. Capital Gain Tax and withholding tax on cash dividends as per prevailing Income Tax Ordinance, 2001. |
| Promised Return | 19.75% per annum (from the close of IPO Period) |
Disclaimer: All investments in mutual 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 and the risks involved. Performance data does not include the cost incurred directly by an investor in the form of sales loads etc. The information in this literature is issued for indicative and informational purposes only and investors are advised to make their own appraisal of the investment opportunity, tax implications and consult their own financial, legal, taxation and/or other professional advisors prior to making any investment in mutual fund. The mutual fund may hold certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and the Financial Statements of the mutual fund particularly the details of non-compliant investments, provision against SWWF liability and Risk Factors.