Faysal Islamic Savings Growth Fund an open end mutual fund, seeks to provide maximum possible preservation of capital and a reasonable rate of return via investing in Shariah Compliant money market and debt securities having good credit quality rating and liquidity.
| Brief Terms of FISGF are presented below |
| |
| Fund Type |
Open Ended |
| Fund |
Islamic Income Fund |
| Tenor |
Perpetual |
| Managed By |
Faysal Asset Management Limited (FAML) |
| Inception Date |
June 14, 2010 |
| Trustee |
Central Depository Company of Pakistan (CDC) |
| Listing |
Karachi Stock Exchange |
| Governing Body |
Securities & Exchange Commission of Pakistan |
| FISGF Performance |
| Year |
Dividend Payout |
Fund's Annual Yield |
Benchmark's Annual Yield |
| FY 2009-10 |
0.35% |
9.04% |
7.70% |
Investment Philosophy of FISGF
In line with its investment objectives, funds will be invested in Sukuks, Shariah Compliant Participation Term Certificates, Certificates of Investment, Bank Deposits, Placement of funds under Mudarabah, Murabaha and Musharikah, Istisna'a and Ijara arrangements and any other securities or instruments that may be permitted by the Commission and the Shariah Council.
Key Benefits
- 100% Islamic Income Fund.
- Proven track record of managing four open-ended funds
- No Load
- Low Interest rate risk
- Low liquidity risk
- Low duration risk
- Flexible Income Frequency Option
- Invest with as little as Rs 5,000.
- Direct transfer of Income / Redemption amount to Unit holder's bank account (Presently for Faysal customers only).
- *Individual investors can receive a tax credit of up to Rs 60,000 on their investment.
*According to Section 62 of the Income Tax Ordinance 2001.
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