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| Scheme Name | ABL Islamic Financial Planning Fund |
|---|---|
| Scheme type | Open-End Fund of Fund Scheme |
| Date of Inception | December 23, 2015 |
| Fund Size |
PKR 2,230 Mn. as at June 30th 2024 |
| Objective of the scheme | To generate returns on Investment as per the respective Allocation Plan by investing in Shariah Compliant 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 shariah compliant investments in equity and income funds Aggressive Allocation Plan: The plan primarily aims to provide potentially high capital growth through a pre-determined, higher exposure in shariah compliant equity funds and residual exposure in Islamic Income funds. This Allocation Plan is suitable for Investors that have a relatively high risk tolerance and have a medium to long term investment horizon. Active Allocation Plan: The plan has an objective to earn a potentially high return through active asset allocation between Islamic Equity scheme(s) and Islamic 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 Islamic Equity scheme(s) and Islamic 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 KMI-30 Index & 80% Average return of 6-month PKISRV rates. Aggressive Allocation Plan: 70% return of KMI-30 Index & 30% Average return of 6-month PKISRV rates. Active Allocation Plan: Weighted average return of KMI-30 Index, average 6 month deposit rate of three(3) A rated scheduled banks or Islamic Window of Conventional Banks as selected by MUFAP and average 6 month PKISRV 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 KMI-30 Index, average 6 month deposit rate of three(3) A rated scheduled banks or Islamic Window of Conventional Banks as selected by MUFAP and average 6 month PKISRV 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 22 | FY 21 | FY 20 | FY 19 | FY 18 | FY 17 | FY 16 |
|---|---|---|---|---|---|---|---|
| Conservative Plan Returns | 4.52% | 8.73% | 5.92% | 1.35% | (0.67%) | 10.08% | 3.52% |
| Benchmark Returns | 1.28% | 9.31% | 13.07% | (1.53%) | 0.40% | 6.51% | 5.92% |
| Aggressive Plan Returns | 10.22% | 29.16% | 0.05% | (7.86%) | (10.64%) | 21.85% | 6.46% |
| Benchmark Returns | (3.45%) | 34.63% | 5.91% | (13.12%) | (5.46%) | 14.12% | 14.58% |
| Active Plan Returns | (8.87%) | 27.4% | (2.57%) | (7.58%) | (10.92%) | 18.26% | 3.53% |
| Benchmark Returns | (4.89%) | 28.86% | 0.07% | (12.87%) | (6.14%) | 10.06% | 10.27% |
| SAP Returns | (9.52%) | 30.38% | (5.19%) | (1.87%) | (7.64%) | 12.18% | 1.69% |
| Benchmark Returns | (4.73%) | 33.07% | 2.81% | (6.41%) | (3.62%) | 5.73% | 4.00% |
| SAP III Returns | (11.55%) | 27.31% | 2.57% | (0.57%) | (1.72%) | 0.34% | - |
| Benchmark Returns | (5.61%) | 29.7% | 6.39% | (4.73%) | (0.99%) | (0.95%) | - |
| CPP I Returns | 0.61% | 18.47% | 0.03% | - | - | - | - |
| Benchmark Returns | 1.10% | 18.43% | 10.55% | - | - | - | - |
| CPP II Returns | (0.11%) | 18.47% | 0.03% | - | - | - | - |
| Benchmark Returns | 0.81% | 18.43% | 10.55% | - | - | - | - |
