The objective of PIML-IEF is to achieve long term capital growth by investing mainly in Shariah Compliant listed equity securities.
PIML Islamic Equity Fund optimizes investment returns with at least 70 percent in shariah compliant listed equity securities during the year based on quarterly average investments calculated on daily basis. The remaining assets are invested in current and saving deposits in shariah compliant banks and licensed Islamic banking windows of conventional banks and short term government securities and cash and near cash instruments having maturity not more than 90 days.
|Fund Type||Open End|
|Category||Islamic Equity Scheme|
|Fund Performance Ranking||3 Star by PACRA (7th Dec 2016)|
|Benchmark||KMI - 30 Index|
|Management Co. Rating||AM3+ by JCR-VIS (04 May 2016)|
|Inception Date||4th March 2014|
(days when Banks are open for business)
|Cut-off Time||4.00 pm|
|Management Fee Load||2% p.a.|
|Load||2% (Front-end) 0% (Back-end)|
|Risk Profile||Moderate to High|
|Listing||Pakistan Stock Exchange|
|Trustee||Central Depository Company
of Pakistan Ltd.
|Auditor||KPMG Taseer Hadi & Co.|
|Legal Advisor||Mohsin Tayebaly & Co.|
|Minimum Investment||PKR. 1,000|
|Fund Manager||Sadaf Rasheed|
|Shahriah Scholar||Mufti Irshad Ahmed Ijaz|
|Shahriah Advisory Co||Fortune Islamic Services (Pvt) Ltd.|