Fund of Funds are schemes that invest in other mutual fund schemes. The portfolio of these schemes comprises only of units of other mutual fund schemes. These funds provide diversification benefits and hence offer lower levels of volatility.
ABL Islamic Financial Planning Fund is designed to help you in achieving your financial goals in a Shairiah Complaint manner. The strategy is to broadly diversify the asset allocation by investing in a portfolio of various Shariah Complaint underlying assets rather than directly investing in stocks and bonds and other securities.
The Fund aims to generate returns on Investment as per the respective Allocation Plan by investing in Shariah Compliant Mutual Funds in line with the risk tolerance of the Investor.
*Investors are encouraged to consult their Investment advisor prior to investing in the product.
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| Scheme Name | ABL Islamic Financial Planning Fund |
|---|---|
| Scheme type | Open-End Fund of Fund Scheme |
| Date of Inception | December 23, 2015 |
| Fund Size | PKR 2,471 Mn. as at March 31st 2024 |
| Objective of the scheme | To generate returns on Investment as per the respective Allocation Plan by investing in Shariah Compliant Mutual Funds in line with the risk tolerance of the Investor. |
| Allocation Plans | 3 Allocation Plans (Initially) |
| Objective of Plans under ABL FPF | Conservative Allocation Plan: The plan primarily aims to provide stable returns with some capital appreciation through a pre-determined mix of shariah compliant investments in equity and income fundsAggressive Allocation Plan: The plan primarily aims to provide potentially high capital growth through a pre-determined, higher exposure in shariah compliant equity funds and residual exposure in Islamic Income funds. This Allocation Plan is suitable for Investors that have a relatively high risk tolerance and have a medium to long term investment horizon.Active Allocation Plan: The plan has an objective to earn a potentially high return through active asset allocation between Islamic Equity scheme(s) and Islamic Income scheme(s) based on the Fund Manager’s outlook on the asset classes.Strategic Allocation Plan: The plan has an objective to earn a potentially high return through active allocation of funds between Islamic Equity scheme(s) and Islamic Income scheme(s) based on fundamental analysis of Economic indicators, underlying asset values and a strategy of risk aversion to market volatility. |
| Benchmark | Conservative Allocation Plan: 20% return of KMI-30 Index & 80% Average return of 6-month PKISRV rates.Aggressive Allocation Plan: 70% return of KMI-30 Index & 30% Average return of 6-month PKISRV rates.Active Allocation Plan: Weighted average return of KMI-30 Index, average 6 month deposit rate of three(3) A rated scheduled banks or Islamic Window of Conventional Banks as selected by MUFAP and average 6 month PKISRV rate based on the Plan’s actual investment in the underlying Equity and Income Fund and/or in cash and/or near cash instruments.Strategic Allocation Plan: Weighted average return of KMI-30 Index, average 6 month deposit rate of three(3) A rated scheduled banks or Islamic Window of Conventional Banks as selected by MUFAP and average 6 month PKISRV rate based on the Plan’s actual investment in the underlying Equity and Income Fund and/or in cash and/or near cash instruments. |
| Minimum Investment Amount | Initial Rs.5,000 (Subsequent Rs. 1,000) |
| Lock-In Period | None |
| Management Fee | NIL (1% of average annual net assets if investment is made in CIS of other AMCs and also on investment in Cash/ Near Cash instruments) |
| Entry Load | Upto 2% |
| Exit Load | NIL (Backend – Contingent) |
| Systematic Investment Plan Facility | Yes |
| Particulars | FY 22 | FY 21 | FY 20 | FY 19 | FY 18 | FY 17 | FY 16 |
|---|---|---|---|---|---|---|---|
| Conservative Plan Returns | 4.52% | 8.73% | 5.92% | 1.35% | (0.67%) | 10.08% | 3.52% |
| Benchmark Returns | 1.28% | 9.31% | 13.07% | (1.53%) | 0.40% | 6.51% | 5.92% |
| Aggressive Plan Returns | 10.22% | 29.16% | 0.05% | (7.86%) | (10.64%) | 21.85% | 6.46% |
| Benchmark Returns | (3.45%) | 34.63% | 5.91% | (13.12%) | (5.46%) | 14.12% | 14.58% |
| Active Plan Returns | (8.87%) | 27.4% | (2.57%) | (7.58%) | (10.92%) | 18.26% | 3.53% |
| Benchmark Returns | (4.89%) | 28.86% | 0.07% | (12.87%) | (6.14%) | 10.06% | 10.27% |
| SAP Returns | (9.52%) | 30.38% | (5.19%) | (1.87%) | (7.64%) | 12.18% | 1.69% |
| Benchmark Returns | (4.73%) | 33.07% | 2.81% | (6.41%) | (3.62%) | 5.73% | 4.00% |
| SAP III Returns | (11.55%) | 27.31% | 2.57% | (0.57%) | (1.72%) | 0.34% | – |
| Benchmark Returns | (5.61%) | 29.7% | 6.39% | (4.73%) | (0.99%) | (0.95%) | – |
| CPP I Returns | 0.61% | 18.47% | 0.03% | – | – | – | – |
| Benchmark Returns | 1.10% | 18.43% | 10.55% | – | – | – | – |
| CPP II Returns | (0.11%) | 18.47% | 0.03% | – | – | – | – |
| Benchmark Returns | 0.81% | 18.43% | 10.55% | – | – | – | – |
