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 | Benchmark 6 month average deposit rates of 3 A rated scheduled Islamic Banks or Islamic Window’s of Conventional 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 | 0.35% p.a. | |
| Selling & Marketing Expenses | Up to 0.4% per annum | |
| Trustee | Digital Custodian Company Limited. | |
| Auditor | RSM Avais Hyder Liaquat Nauman | |
| Registrar | POAMCL (In House) | |
| Listing | Pakistan Stock Exchange |
Risk Profile of the Fund
| AMC Rating | “AM3+” with Positive Outlook by PACRA as on 15-Feb-21 | |
| Fund Stability Rating | A+ (f) PACRA as on 17-Feb-21 | |
| Risk Profile of the Fund | Medium | |
| Risk of Principle Erosion | Principle at Medium Risk |
