An asset allocation fund provides investors with a diversified portfolio of investments across several asset classes. The asset allocation of the fund can be fixed or variable among a mix of asset classes. Popular asset categories for asset allocation funds include stocks, bonds and cash equivalents.
ABL Islamic Asset Allocation Fund provides an ideal opportunity for investors to generate competitive returns through a mix of Shariah Compliant fixed income and equity investments.
The objective of the Fund is to earn a potentially high return through Asset Allocation between Shariah Compliant Equity, Fixed Income and Money Market Instruments and any other Shariah Compliant instruments as permitted by the SECP and Shariah Advisor.
*Investors are encouraged to consult their Investment advisor prior to investing in the product.
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| Scheme Name | ABL Islamic Asset Allocation Fund |
|---|---|
| Categorization | Open-end Islamic Asset Allocation Scheme |
| Date of Inception | May 31, 2018 |
| Fund Size | PKR 1,973 Mn. as at March 31st 2024 |
| Objective of the scheme | To earn a potentially high return through Asset Allocation between Shariah Compliant Equity, Fixed Income and Money Market Instruments and any other Shariah Compliant instruments as permitted by the SECP and Shariah Advisor. |
| Benchmark | Weighted average daily return of KMI 30 Index and 6M average Deposit rates of three A rated (and above) scheduledIslamic Banks or Islamic Banking windows of scheduled commercial banks based on actual proportion of Investment in Equity & Fixed Income |
| Minimum Investment Amount | Initial Rs.5,000 (Subsequent Rs. 1,000) |
| Lock-In Period | None |
| Management Fee | 2% p.a |
| Entry Load | Upto 3% |
| Exit Load | None |
| Systematic Investment Plan Facility | Yes |
| Particulars | FY 22 | FY 21 | FY 20 | FY 19 | FY 18 |
|---|---|---|---|---|---|
| ABL Islamic Asset Allocation Fund Returns | 8.76% | 8.10% | 6.86% | (1.09%) | 0.07% |
| Benchmark Returns | 3.40% | 3.66% | 11.94% | (5.01%) | (0.02%) |
