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 |
| Fund |
Fixed Income Fund |
| Tenor |
Perpetual |
| Managed By |
Faysal Asset Management Limited (FAML) |
| Inception Date |
October 10, 2005 |
| Annual Yield |
10.37% (As of September 30, 2007) |
| Payout (FY 06-07) |
12.75% Annual Bonus paid |
| Trustee |
Central Depository Company of Pakistan (CDC) |
| Listing |
Karachi Stock Exchange |
| Governing Body |
Securities & Exchange Commission of Pakistan |
Investment Philosophy of FIGF
At least 90% of the Net Assets will be invested in Fixed Income Securities. To enhance overall yields and provide opportunities for capital growth, the fund may also invest up to but not more than 10% of its Net Asset Value in Equity Securities issued by blue chip companies.
Key Benefits
- Experienced professionals with the necessary expertise manage your money on your behalf.
- You can start investing with as little as Rs. 5,000/-
- FIGF is an open-end fund, which means that you may invest and withdraw your investment at your convenience.
- Individuals’ investors can receive a tax credit of up to Rs. 300,000/- on their investment.*
*Subject to applicable clause under Income Tax Ordinance 2001.
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