INVESTMENT OBJECTIVE
The objective of ALHGSP-I is to seek maximum possible rate of return by investing primarily in Shariah Compliant Government Securities and Islamic Banks and licensed Islamic Banking Windows of Conventional Banks.
Alhamra Government Securities Plan 1
INVESTMENT OBJECTIVE
Manager’s Comment
The fund posted a return of -10.02% along with benchmark return 10.23%. WAM of the fund was 2.1 Years at month end.
MCBIM Shariah Supervisory Board
| Justice (Rtd.) Muhammad Taqi Usmani | Chairman |
| Dr. Muhammad Zubair Usmani | Member |
| Dr. Ejaz Ahmed Samdani | Member |
Quick Facts
| Risk Profile | Medium (Principal at Medium Risk) |
|---|---|
| Launch Date | 24-Jun-24 |
| Fund Manager | Saad Ahmed |
| Min. Subscription | PKR 1,000 |
| Currency | PKR |
| Asset Manager Rating | AM1 (AM One) by PACRA (01-Oct-26) |
| Pricing Mechanism | Forward Pricing |
| Scheme Category | An Open-End Shariah Compliant Income Scheme |
| Trustee | Central Depository Company of Pakistan Limited |
| Auditor | M/s. M. Yousuf Adil Saleem & Co. Chartered Accountants |
| Benchmark | 90% six (6) months PKISRV + 10% six (6) months average of the highest rates on savings account of three (3) AA rated scheduled Islamic 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. |
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.