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Alhamra Wada Plan XI

INVESTMENT OBJECTIVE

Alhamra Wada Plan XI (ALHWP XI) will provide promised return to the Unit Holders at maturity by investing in Shariah Compliant short term Fixed Income Securities

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

Launch Date  18 Oct 2023
IPO Date 18 Oct 2023
Maturity Date of the Allocation Plan 09 Oct 2024
Risk Profile Principal at Moderate Risk
Promised Return 21.25% per annum from the date of IPO.
Currency PKR
Asset Manager Rating AM1 (AM 1) by PACRA 6-Oct-2023
Suitable Investment Rs.5,000,000/- and above.
Scheme Category An Open-End Shariah Compliant Fixed Rate/ Return Scheme
Pricing Mechanism Backward Pricing
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
Early Redemption Investors who opt to exit before maturity are likely to earn a lower return than Promised Return due to market movement and impact cost along with higher management fee and charges charged to the Fund.
Benchmark 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.

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.