An asset allocation fund provides investors with a diversified portfolio of investments across several asset classes. The asset allocation of the fund can be fixed or variable among a mix of asset classes. Popular asset categories for asset allocation funds include stocks, bonds and cash equivalents.
Allied Finergy Fund is Pakistan’s 1st Financial & Energy sector focused Asset Allocation Fund. This dual sector-specific asset allocation fund has been specially tailored to provide the investors with yet another unique investment avenue that aims to benefit from the expected growth potential in Pakistan’s financial and energy sectors through dynamic asset allocation and absolute return strategy.
The objective of the Fund is to seek long term capital appreciation through investments in equity stocks, primarily from the financial and energy sector/segment/industry, fixed income Instruments, Money Market Instruments based on market outlook.
*Investors are encouraged to consult their Investment advisor prior to investing in the product.
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| Scheme Name | Allied Finergy Fund |
|---|---|
| Categorization | Open-end Asset Allocation Scheme Income |
| Date of Inception | November 23, 2018 |
| Fund Size |
PKR 276 Mn. as at March 31st 2024 |
| Objective of the scheme | To seek long term capital appreciation through investments in equity stocks, primarily from the financial and energy sector/segment/industry, fixed income Instruments, Money Market Instruments based on market outlook. |
| Benchmark | Weighted average daily return of KSE 100 index, (70% three (3) months PKRV rates + 30% three (3) months average deposit rate of three (3) AA rated scheduled banks as selected by MUFAP), based on the fund’s actual allocation in equity, fixed income and money market instruments. |
| Minimum Investment Amount | Initial Rs.1,000 (Subsequent Rs. 500) |
| Lock-In Period | None |
| Management Fee | 2% p.a |
| Entry Load | 2% p.a |
| Exit Load | None |
| Systematic Investment Plan Facility | Yes |
| FY 23 | FY 22 | FY 21 | FY 20 | FY 19 | |
|---|---|---|---|---|---|
| Allied Finergy Fund | (0.61%) | (7.85%) | 16.35% | (5.48%) | (2.12%) |
| Benchmark Returns | 1.95% | (4.94%) | 23.56% | 5.60% | (7.81%) |
