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Faysal Income & Growth Fund

Funds Overview


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 Fixed Income Fund
Risk Profile Medium
Stability Rating A(f) (PACRA)
Launch Date October 10, 2005
Custodian/Trustee Central Depository Company of Pakistan (CDC)
Auditor Deloitte Yousuf Adil
Management Fee 1.5% p.a
Front end Load Up to 2% of NAV
Back end Load Nil
Min Subscription PKR.5,000/-
Benchmark One year KIBOR rates
Pricing Mechanism Forward
AMC Rating AM3 (JCR-VIS)

Key Benefits


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.
Invest with as low as PKR 5,000/-
Exemption from Zakat on submission of Affidavit

FIGF Performance


Year Dividend Payout Fund's Annual Yield Benchmark's Annual Yield
FY 2005-06 5.50% 7.73% 9.34%
FY 2006-07 12.75% 12.75% 10.39%
FY 2007-08 10.00% 9.94% 10.51%
FY 2008-09 8.00% 8.90% 14.11%
FY 2009-10 10.75% 11.04% 12.39%
FY 2010-11 09.00% 09.71% 13.30%
FY 2011-12 11.50% 13.55% 12.24%
FY 2012-13 8.50% 9.50% 9.92%
FY 2013-14 8.98% 8.82% 9.87%
FY 2014-15 12.50% 12.14% 9.03%
FY 2015-16 9.50% 9.41% 6.59%
FY 2016-17 4.50% 4.56% 6.40%
FY 2017-18 5.18% 5.15% 6.69%

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.

Investment Committee

Mr. Khaldoon Bin Latif CEO
Mr. Ayub Khuhro CIO
Mr. Syed Shahid Iqbal SR. Fund Specialist - Fixed Income
Mr. Mohammad Qasim Manager Risk

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