PakOman Advantage Islamic Income Fund
Funds Information
Fund Objective | The primary Objective is to provide investor(s) with competitive current income and long term capital growth primarily by investing in a diversified portfolio of shariah compliant securities available for investment outside Pakistan subject to applicable laws. | |
| Type of Scheme | Open-end | |
| Nature of Scheme | Shariah Compliant Asset Allocation | |
| Inception Date | 30-Oct-08 | |
| Benchmark | 75% six (6) months PKISRV rates + 25% six (6) months average of the highest rates on savings account of three (3) AA rated scheduled Islamic Banks as selected by MUFAP | |
| Shariah Advisor | Al-Halal Shariah Advisor Pvt Ltd |
| Dealing Day/cut off time | Mon – Fri 9:00am / 3:30 pm | |
| Pricing Mechanism | Forward | |
| Minimum Investment | PKR 5,000 | |
| Front end load | 1.00% | |
| Back end load | 0.00% | |
| Management Fee | 0.70% p.a. | |
| Selling & Marketing Expenses | Up to 0.00% per annum | |
| Trustee | Digital Custodian Company Limited. | |
| Auditor | S.M. Suhail & Company | |
| Registrar | POAMCL (In House) | |
| Listing | Pakistan Stock Exchange |
Risk Profile of the Fund
| AMC Rating | “AM3++” with Stable Outlook by PACRA as on 13-Sept-24 | |
| Fund Stability Rating | A+ (f) PACRA as on 16-May-25 | |
| Risk Profile of the Fund | Medium | |
| Risk of Principle Erosion | Principle at Medium Risk |