INVESTMENT OBJECTIVE
The Objective of Alhamra Wada Plan IX is to provide Promised return to the Unit Holders at maturity by investing in Shariah Compliant short term Fixed Income Securities.
Alhamra Wada Plan IX
INVESTMENT OBJECTIVE
FUND PROFILE
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
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Quick Facts
| Maturity Date of the Allocation Plan | 25th April 2025 |
|---|---|
| Risk Profile | Moderate (Principal at Moderate Risk) |
| Currency | PKR |
| Asset Manager Rating | AM1 (AM One) by PACRA (04-Oct-24) |
| Pricing Mechanism | Backward Pricing |
| Launch Date | 24-Apr-24 |
| Scheme Category | An Open-End Shariah Compliant Fixed Rate/ Return Scheme |
| 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 |
| Auditor | M/s. M. Yousuf Adil Saleem & Co., Chartered Accountants |
| Benchmark | Up to twelve months PKISRV rate |
| 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 | Fixed Return 19.00% – 19.10% per annum |
| Fund Manager | Syed Mohammad Usama Iqbal |
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.