The objective of PIEF is to deliver return from Aggressive investment strategy in the debt and fixed income market.
Pakistan Income Enhancement Fund (is an Open-End Aggressive Fixed Income Scheme) (PIEF) which primarily invests in debt and fixed income instruments and may also take limited exposure in structured products.
During the month, the fund generated a return of 5.07% against benchmark return of 12.03%. Exposure in GOP Ijara Sukuk increased during the month. WAM of the fund was 1.02 years at month end.
In order to maintain a strong credit profile, the fund has been prudent in its risk policies and has avoided taking exposure in a number of weak credit corporate debt instruments offering a higher yield including some from power, banking, microfinance and miscellaneous sectors.
| Launch Date | Â 28-Aug-2008 |
|---|---|
| Risk Profile | Medium (Principal at medium risk) |
| Fund Type | An Open End Scheme |
| Currency | PKR |
| Asset Manager Rating | AM1 (AM One ) by PACRA (01-Oct-26) |
| Minimum Investment | Type A & C Units Rs. 500/- Type B Units Rs. 10,000,000/- |
| Fund Manager | Saad Ahmed |
| Pricing Mechanism | Forward |
| Listing | Pakistan Stock Exchange |
| Trustee | Central Depository Company of Pakistan Limited |
| Auditor | Â M/s. M. Yousuf Adil Saleem & Co. Chartered Accountants |
| Benchmark | “90% Twelve (12) months KIBOR + 10% Twelve (12) months average of the highest rates on savings account of three (3) AA rated scheduled bank as selected by MUFAP” |
Latest Expense ratio of the Fund is updated in the FMR (Fund Manager’s Report).
| Year | Fund (%) | Benchmark (%) |
|---|---|---|
| 2026 | 17.66 | 11.31 |
| 2025 | 17.61 | 13.80 |
| 2024 | 20.39 | 24.44 |
| 2023 | 17.24 | 20.47 |
| 2022 | 10.42 | 11.88 |
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.