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 |