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Alhamra Wada Plan XII

INVESTMENT OBJECTIVE

Alhamra Wada Plan XII (ALH WP XII) which will provide promised return to the Unit Holders at maturity by investing in Shariah Compliant Fixed Income Securities.

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Quick Facts

IPO Date March 26, 2024
Scheme Category An Open-End Shariah Compliant Fixed Rate/Return Scheme
Currency PKR
Asset Manager Rating AM1 (AM 1) by PACRA 6-Oct-2023
Fixed Rate Return 19.50%
Minimum Investment PKR 500/-
Pricing Mechanism Backward Pricing
Fund Manager Syed Mohammad Usama Iqbal
Trustee Central Depository Company of Pakistan Limited
Zakat and 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.
Risk Profile Moderate (Principal at Moderate Risk)
Auditor M/s. M. Yousuf Adil Saleem & Co. Chartered Accountants.
Benchmark Up to eighteen months PKISRV rate

Authorized investment avenues of ALHWP XII include the following:

Authorized Investments Rating Minimum Asset Allocation 

(%age of total Net Assets)

Maximum Asset Allocation

(%age of total Net Assets) 

Shariah Compliant Government Securities not exceeding 18 months N/A 0% 100%
Shariah Compliant Term Deposit Receipts not exceeding 18 months.

However, actual term of placement shall be comparable to the period of the Plan.

AA or above 0% 100%
Certificate of Musharaka, Certificate of Deposits not exceeding 18 months.

However, actual term of placement shall be comparable to the period of the Plan.

AA or above 0% 100%
Cash at bank with licensed Islamic Banks/Islamic windows of conventional banks. AA or above 0% 100%

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.