Faysal Income & Growth Fund
The prime objective of Faysal Income & Growth Fund (FIGF) is to provide superior long-term risk adjusted returns by investing in a diverse pool of fixed income securities, including money market instruments; in particular, the aim is to minimize interest rate risk through duration management and default risk through portfolio diversification. The Fund will employ prudent and disciplined investment management, and maximize the total investment return through systematic and informed security selection.
Brief Terms of FIGF are presented below
|Fund Type||Open Ended|
|Category||Aggressive Income Fund|
|Stability Rating||A(f) (PACRA)|
|Launch Date||October 10, 2005|
|Custodian/Trustee||Central Depository Company of Pakistan (CDC)|
|Auditor||Ernst & Young Ford Rhodes SidatHyder|
|Management Fee||1.5% p.a|
|Front end Load||Nil|
|Back end Load||Nil|
|Benchmark||90% 1 YrKIBOR and 10% average of most recent published 3 month deposit rates of top 3 scheduled Commercial Banks by deposit size|
Minimum 63% invested in Federal / Provincial Government guaranteed (directly or indirectly) securities and / or instruments.
No minimum holding period of investment
Encashment without any penalty.
Salaried / Non-salaried Investors can avail tax credit on their investment under section 62 of Income Tax Ordinance 2001 – subject to holding of investment for 24 months from investment date
Probability of long-term risk adjusted returns
Portfolio assets with good credit quality, having minimum instrument rating of investment grade.
No front-end load
Invest with as low as PKR 5,000/-
Exemption from Zakat on submission of Affidavit
|Year||Dividend Payout||Fund's Annual Yield||Benchmark's Annual Yield|
Investment Objective & Strategy
Seeks to provide optimal yields through a diversified Portfolio consisting of both long-term fixed instruments as well as short-term money market securities.
|Mr. Razi Ur Rahman Khan||CEO|
|Mr. Ayub Khuhro||CIO|
|Mr. Saif Hassan||Fund Manager (Equity)|
|Ms. Sania Awan||Acting Head of Research|
|Mr. Syed Shahid Iqbal||SR. Fund Specialist - Fixed Income|