ABL Islamic Stock Fund primarily invests in securities listed at KMI-30 Index. This scheme offers you an opportunity to maximize the growth potential of your savings in a Sariah Compliant manner over the long-term by investing your money in the stock market.
If you invested Rs. 100,000 in ABL Islamic Stock Fund at the time of launch in June 2013, the value of your investment has increased by 103.04% to reach Rs. 203,070 as on October 31st 2023
The Fund aims to provide capital appreciation to investors through higher, long-term risk-adjusted returns by investing in a diversified Shariah Compliant portfolio of equity instruments offering capital gains and dividends.
If you invested Rs. 100,000 in ABL Islamic Stock Fund at the time of launch in June 2013, the value of your investment has increased by 79.85% to reach Rs. 179,850 as on September 30th 2023
Strong long-term performance track record both in absolute terms and relative to its benchmark with cumulative annualized return since inception (June 12, 2013 till October 31st 2023) is 103.04% as against the benchmark return of 132.49% for the corresponding period.
Average annualized return since inception (June 12, 2013 till October 31st 2023) is 7.04% in PKR terms.
*Investors are encouraged to consult their Investment advisor prior to investing in the product.
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| Scheme Name | ABL Islamic Stock Fund |
|---|---|
| Scheme type | Open-End Equity Scheme |
| Date of Inception | June 12, 2013 |
| Fund Size |
PKR 1,154 Mn. as at October 31st 2023 |
| Objective of the scheme | To provide higher risk adjusted returns over the long term by investing in a diversified portfolio of equity instruments offering capital gain and dividends. |
| Benchmark | KMI-30 Index |
| Minimum Investment Amount | Initial Rs.5,000 (Subsequent Rs. 1,000) |
| Lock-In Period | None |
| Management Fee | 2% p.a |
| Entry Load | 2% p.a |
| Exit Load | None |
| Systematic Investment Plan Facility | Yes |
| FY 22 | FY 21 | FY 20 | FY 19 | FY 18 | FY 17 | FY 16 | FY 15 | |
|---|---|---|---|---|---|---|---|---|
| ABL Islamic Stock Fund Returns | (18.79%) | 34.97% | 0.56% | (16.65%) | (15.93%) | 31.18% | 5.58% | 29.03% |
| Benchmark Returns | (10.25%) | 39.32% | 1.62% | (23.84%) | (9.59%) | 18.80% | 15.53% | 20.10% |
