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 TypeOpen Ended
CategoryAggressive Income Fund
Risk ProfileMedium
Stability RatingA(f) (PACRA)
Launch DateOctober 10, 2005
Custodian/TrusteeCentral Depository Company of Pakistan (CDC)
AuditorErnst & Young Ford Rhodes SidatHyder
Management Fee1.5% p.a
Front end LoadNil
Back end LoadNil
Min SubscriptionPKR.5,000/-
BenchmarkOne year KIBOR rates
Pricing MechanismForward

Key Benefits

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

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%

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. Razi Ur Rahman KhanCEO
Mr. Ayub KhuhroCIO
Mr. Saif HassanFund Manager (Equity)
Ms. Sania AwanActing Head of Research
Mr. Syed Shahid IqbalSR. Fund Specialist - Fixed Income

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