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 Fund |
| Risk Profile | Moderate |
| Stability Rating | AA-(f) (JCR-VIS) |
| Launch Date | July 05, 2013 |
| Custodian/Trustee | Central Depository Company of Pakistan (CDC) |
| Auditor | A.F.Ferguson & Co. |
| Management Fee | 0.5% |
| 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 | AM3+ (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 |
| Mr. Syed Shahid Iqbal | Sr. Fund Specialist - Fixed Income |
| Mr. Muhammad Akbar Latif Khan | Head of Research |
| Mr. Khurram Salman | Head of Compliance and Internal Audit |
| Mr. Mohammad Qasim | Head of Risk Management |
