Fund Objective
Faysal Islamic Financial Growth Fund (FIFGF) is an Open-End Shariah Compliant Aggressive Fixed Income Scheme. The primary investment objective of the fund is to aim to generate Competitive returns and consistent returns while seeking capital growth through a diversified portfolio of shariah compliant debt securities, liquid money market
instruments and placements. It shall offer Units on a continuous basis during and after the Pre-IPO & IPO Period; however, term-based plans, may be offered for a limited subscription period. Objective of each Allocation Plan(s) under this fund will be defined in the Offering Document or the Supplemental of the Offering Document.
Plan Objective
The Faysal Islamic Financial Growth Plan-II is a limited life plan under the “Faysal Islamic Financial Growth Fund”. The primary objective of FIFGP-II is to provide stable risk adjusted returns to its investors by investing in a diversified, short and medium term Shariah Compliant instruments.
Brief Terms of FIFGP-II are presented below
| Fund Type | Open End |
| Category | Shariah Compliant Aggressive Fixed Income Scheme |
| Tenure | One year plan |
| Risk Profile | Medium |
| Benchmark | The benchmark of the Plan shall be weighted average of 12 (twelve) month Deposit Rates of 03 different Islamic Banks/Islamic Windows of Scheduled Commercial Banks |
| Pricing Mechanism | Forward |
| Management Fee | Up to 2% p.a. |
| Front end Load | Up to 3% of NAV |
| Contingent load | Applicable from the closing of Subscription period: 1% up to 6 Months 0.5% from 06 to 12 Months |
| Minimum Investment | PKR 5,000/- |
| Trustee | Central Depository Company of Pakistan |
| Auditor | A. F. Ferguson & Co. |
| Legal Advisor | Mohsin Tayebaly & Co. |
| BackofficeAccounting Services | IT Minds Limited |
All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Documents to understand the investment policies, risks involved and tax implications. Performance data does not include cost incurred by investor in the form of sales load. All returns/figures are annualized, net of sales load and all fees including management fee
Key Benefits
Professional Management of your savings
Exposure to a diversified portfolio of long, medium and short-term Shariah Compliant instruments
Parking avenue for short term investment
Offering competitive and stable Halal returns
Active Allocation strategy to optimize returns
Invest with as low as PKR 5,000/=
Frequently Asked Questions
Faysal Islamic Financial Growth Plan -II Strategy
The Strategy of the Faysal Islamic Financial Growth Plan- II is to meet the short-term needs of the investors by investing in a diversified portfolio of short and medium term Shariah Compliant instruments. The fund manager will use an Active Allocation strategy to optimize the portfolio and earn a competitive return for the investors.
Investment Committee
| Mr. Ayub Khuhro | Acting Chief Executive Officer |
| Mr. Faisal Ali Khan | Chief Financial Officer |
| Mr. Shahid Iqbal | Head of Fixed Income |
| Mr. Khurram M. Arif, CFA | Head of Equity |
| Mr. Mohammed Hunain, CFA | Head of Research |
| Mr. Khurram Salman | Head of Internal Audit |
| Mr. Syed Eunas Viqar | Head of Compliance |
| Mr. Imad Ansari | Head of Risk |
