Faysal Financial Sector Opportunity Fund
Discover the key to returns
Funds Overview
Faysal Financial Sector Opportunity Fund (FFSOF) seeks to provide a competitive rate of returns to its investors by investing in money market and debt instruments with major exposure in financial sector instruments.
Brief Terms of FFSOF are presented below
| Fund Type | Open Ended |
| Category | Income Scheme |
| Risk Profile | Medium |
| Stability Rating | AA-(f) (PACRA) |
| Launch Date | July 05, 2013 |
| Custodian/Trustee | Central Depository Company of Pakistan (CDC) |
| Auditor | A.F.Ferguson & Co. |
| Management Fee | Management Company shall be entitled to an accrued remuneration equal to an amount not exceeding 1% of Average Annual Net Assets, within allowed expense ratio limit. Management shall disclose actual rate of management fee charged as percentage of net assets of collective investment scheme in monthly Fund Manager Report. |
| Front end Load | Up to 2% of NAV |
| Back end Load | Nil |
| Min Subscription | PKR.5,000/- |
| Benchmark | Six months KIBOR rates |
| Pricing Mechanism | Forward |
| AMC Rating | AM2 (VIS) |
Key Benefits
One of the lowest management fee in income fund category (since launch - to date)
No minimum holding period of investment
Opportunity to invest in diverse pool of fixed income avenues with a significant exposure towards high quality financial sector debt instruments (minimum 70% investment/placement within financial sector)
Portfolio assets with high credit quality, having minimum instrument rating of AA-
Invest with as low as PKR 5,000/-
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
Exemption from Zakat on submission of Affidavit
FFSOF Performance
| Year | Dividend Payout | Fund's Annual Yield | Benchmark's Annual Yield |
|---|---|---|---|
| FY 2013-14 | 8.52% | 9.12% | 8.96% |
| FY 2014-15 | 7.41% | 7.41% | 8.22% |
| FY 2015-16 | 6.25% | 7.08% | 5.88% |
| FY 2016-17 | 5% | 5.27% | 6.10% |
| FY 2017-18 | 4.67% | 4.85% | 6.35% |
Investment Objective & Strategy
The investment objective of Faysal Financial Sector Opportunity Fund is to provide a competitive rate of return to its investors by investing in money market and debt instruments with major exposure in financial sector.
Investment Committee
| Mr. Khaldoon Bin Latif | Chief Executive Officer |
| Mr. Ayub Khuhro | Chief Investment Officer |
| Mr. Faisal Ali Khan | CFO and Company Secretary |
| Syed Shahid Iqbal | Sr. Fund Specialist - Fixed Income |
| Mr. Mustajab Alam | Sr. Fund Specialist - Fixed Income |
| Mr. Umer Pervez | Director Research |
| Mr. Khurram Salman | Head of Compliance and Internal Audit |
| Mr. Imad Ansari | Head of Risk |
