allocation_plans

Atlas Moderate Allocation Islamic Plan

Plan Description

Atlas Moderate Allocation Islamic Plan under Atlas Islamic Fund of Funds (AIFOF) was established by a Trust Deed dated 3rd September, 2018, between Atlas Asset Management Limited (AAML) as Management Company and Central Depository Company of Pakistan Limited (CDC) as Trustee.

Investment Objective

The Atlas Moderate Allocation Islamic Plan is a Shariah Compliant Allocation Plan under the Atlas Islamic Fund of Funds and primarily aims to provide a mix of capital appreciation and stable returns. It shall invest at least 45% of its net assets in Shariah Compliant Equity Funds, while the remaining portion is allocated to Shariah Compliant Fixed Income / Money Market Funds. This Allocation Plan is suitable for Investors having a relatively high risk tolerance and/or wish to save for medium to long term.

Plan Facts

Plan Launch Date : January 7, 2019
Plan Type : Open-ended Islamic Fund of Funds
Dealing Days : Monday to Friday
Front End Load : Nil
Back End Load : Nil
Pricing Mechanism : Forward Pricing
Management Fee : No Management fee in case of investment is made in CIS of AAML. However, management fee of 1% of average annual net assets in case investment is made in Cash/ Near Cash instruments, savings and term deposits made with Islamic banks or Islamic banking windows of commercial banks.
Duration : The Duration of the Allocation Plan is Perpetual.
Risk Profile : High
Trustee : Central Depository Company of Pakistan Limited (CDC)
Registrar : ITMinds Limited
Financial Year Ending : June 30
Minimum Investment : Rs.5,000/- (and Rs.1000 thereafter)
Shariah Advisor : Dr. Mufti Muhammad Wasie Fasih Butt
Benchmark : The benchmark of each allocation Plan will be the weighted average return of KMI-30 Index, Six months average deposit rates of three (3)-A rated Islamic Banks or Islamic windows and Three (3) months average deposit rates of Three (3) AA rated Islamic Banks or Islamic windows of conventional bank as Selected by MUFAP based on the actual proportion of investment in Equity, Income and Money Market Schemes by the respective allocation Plan.

Benefits at a Glance

  • Shariah Compliant investment and halal profit
  • Competitive returns
  • Professional Fund Management Expertise
  • Risk Diversification
  • Exemption from Zakat (on submission of Affidavit)