Faysal Income & Growth Fund

Harvest greater yields

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 TypeOpen Ended
CategoryAggressive Fixed Income Fund
Risk ProfileMedium
Stability RatingA(f) (PACRA)
Launch DateOctober 10, 2005
Custodian/TrusteeCentral Depository Company of Pakistan (CDC)
AuditorDeloitte Yousuf Adil
Management Fee1.5% p.a
Front end LoadUp to 2% of NAV
Back end LoadNil
Min SubscriptionPKR.5,000/-
BenchmarkOne year KIBOR rates
Pricing MechanismForward
AMC RatingAM3+ (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

YearDividend PayoutFund's Annual YieldBenchmark's Annual Yield
FY 2005-065.50%7.73%9.34%
FY 2006-0712.75%12.75%10.39%
FY 2007-0810.00%9.94%10.51%
FY 2008-098.00%8.90%14.11%
FY 2009-1010.75%11.04%12.39%
FY 2010-1109.00%09.71%13.30%
FY 2011-1211.50%13.55%12.24%
FY 2012-138.50%9.50%9.92%
FY 2013-148.98%8.82%9.87%
FY 2014-1512.50%12.14%9.03%
FY 2015-169.50%9.41%6.59%
FY 2016-174.50%4.56%6.40%
FY 2017-185.18%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 LatifChief Executive Officer
Mr. Ayub KhuhroChief Investment Officer
Mr. Faisal Ali KhanCFO and Company Secretary
Mr. Syed Shahid Iqbal Sr. Fund Specialist - Fixed Income
Mr. Muhammad Muzammal Fund Manager - Fixed Income
Mr. Muhammad Akbar Latif Khan Head of Research
Mr. Moiz Bhirea Acting Head of Compliance
Mr. Mohammad Qasim Manager Risk

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