PakOman Islamic Asset Allocation Fund
Funds Information
|
Fund Objective
|
|
The primary objective is to provide investors with high current income and long term capital growth primarily by investing in a diversified portfolio of Shariah compliant investment, instruments, including 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 WA return of KMI-30 index + WA return of deposit rate of 3 A rated Islamic banks on actual proportion. |
| 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 |
|
2.50% |
| Back end load |
|
0.00% |
| Management Fee |
|
2.00% 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 Ranking |
|
1 Year – 1 Star, 3 Year – 1 Star, 5 Year – 2 Star by PACRA as on 15-Feb-21 |
| Risk Profile |
|
High |
| Risk of Principle Erosion |
|
Principle at High Risk |
