Fund of Funds are schemes that invest in other mutual fund schemes. The portfolio of these schemes comprises only of units of other mutual fund schemes. These funds provide diversification benefits and hence offer lower levels of volatility.
ABL Financial Planning Fund is designed to help you in achieving your financial goals in life. The strategy is to broadly diversify the asset allocation by investing in a portfolio of various underlying assets rather than directly investing in stocks and bonds and other securities.
The Fund aims to generate returns on investments as per the respective Allocation plan by investing in Mutual Funds in line with the risk tolerance of the investor.
*Investors are encouraged to consult their Investment advisor prior to investing in the product.
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| Scheme Name | ABL Financial Planning Fund |
|---|---|
| Scheme type | Open-End Fund of Fund Scheme |
| Date of Inception | December 31, 2015 |
| Fund Size | PKR 280 Mn. As at October 31st 2024 |
| Objective of the scheme | To generate returns on investment as per the respective allocation plan by investing in mutual funds in line with the risk tolerance of the investor. |
| Allocation Plans | 3 Allocation Plans (Initially) |
| Objective of Plans under ABL FPF |
Conservative Allocation Plan:
The plan primarily aims to provide stable returns with some capital appreciation through a pre-determined mix of investments in equity and income funds.
Active Allocation Plan: The plan has an objective to earn a potentially high return through active asset allocation between Equity scheme(s) and Income scheme(s) based on the Fund Manager’s outlook on the asset classes. Strategic Allocation Plan: The plan has an objective to earn a potentially high return through active allocation of funds between Equity scheme(s) and Income scheme(s) based on fundamental analysis of Economic indicators, underlying asset values and a strategy of risk aversion to market volatility. |
| Benchmark |
Conservative Allocation Plan:
20% return of KSE-100 Index & 80% Average 6-month KIBOR rate.
Active Allocation Plan: Weighted average return of KSE-100 Index , average return of 6-month KIBOR rate and average 6 month PKRV rate based on the Plan’s actual investment in the underlying Equity and Income Fund and/or in cash and/or near cash instruments. Strategic Allocation Plan: Weighted average return of KSE-100 Index, average return of 6-month deposit KIBOR rate of three banks and average 6 month PKRV rate based on the Plan’s actual investment in the underlying Equity and Income Fund and/or in cash and/or near cash instruments. |
| Minimum Investment Amount | Initial Rs.5,000 (Subsequent Rs. 1,000) |
| Lock-In Period | None |
| Management Fee | NIL (1% of average annual net assets if investment is made in CIS of other AMCs and also on investment in Cash/ Near Cash instruments) |
| Entry Load | Upto 2% |
| Exit Load | NIL (Backend - Contingent) |
| Systematic Investment Plan Facility | Yes |
| Particulars | FY 24 | FY 23 | FY 22 | FY 21 | FY 20 | FY 19 | FY 18 | FY 17 | FY 16 |
|---|---|---|---|---|---|---|---|---|---|
| ABL FPF-Conservative Plan | 29.73% | 11.19% | 4.89% | 9.00% | 11.40% | 2.02% | 0.01% | 10.35% | 4.41% |
| Benchmark Returns | 34.02% | 16.49% | 7.49% | 11.84% | 21.93% | 21.93% | 3.45% | 9.44% | 4.17% |
| ABL FPF Active Plan | 54.6%) | 5.66% | (10.20%) | 35.72% | (5.52%) | (6.71%) | (11.47%) | 19.28% | 5.29% |
| Benchmark Returns | 72.49% | 6.26% | (7.54%) | 32.02% | 10.28% | (6.47%) | (5.21%) | 13.56% | 6.2.99% |
| ABL FPF SAP | 57.68% | 4.01% | (11.72%) | 34.64% | (3.81%) | (3.44%) | (2.43%) | 0.57% | - |
| Benchmark Returns | 58.72% | 6.98% | (6.44%) | 31.94% | 11.74% | (1.97%) | 0.98% | (0.25%) | - |
