Products & Services

JS Islamic Active Allocation Plan-I 

The plan aims to generate superior returns by dynamically managing the plan's exposure in 'Equity Portion' and 'Income Portion' based on the investment view of the different asset classes

Term Sheet

Term Sheet  
Fund Name

JS Islamic Active Allocation Plan-I

Fund Type

Allocation Plan

Fund Rating*


Investment Manager JS Investments Limited
Launch Date 20th Sep, 2017
Financial Year End June 30
Benchmark Weighted average daily return of KMI 30 index, six (6)/ three (3) month average deposit rates of three (3) 'A' rated scheduled Islamic Banks or Islamic Banking windows of scheduled Commercial Banks, as selected by MUFAP based on actual proportion of the Equity Portion consisting of Shariah Compliant Equity Funds,Income Portion consisting of Shariah Compliant Income and Money Market Funds, and any Cash or Near cash instruments in each of the Allocation Baskets
Par Value PKR 100
Minimum Period 2 years (from clearance of all Pre-IPO and IOP proceeds)
Minimum Investment PKR 10,000/-
Front End Load Up to 3% of NAV (FED & SST rate applicable)
Contingent load

4% of NAV on redemption requests during 1st year of subscription | 2% of NAV on redemption requests during 2nd year of subscription

Management Fee

Pricing

1% (No M.Fee to be charged on investments made in CIS managed by JSIL)

Trustee/Custodian MCB Financial Services Limited
Auditors KPMG Taseer Hadi & Co.
Risk Profile Medium to High
Regulator Securities and Exchange Commission of Pakistan (SECP)
Taxation Exempt on distribution of 90% of profits as dividends
Listing Pakistan Stock Exchange
Shariah Advisory

Al-Hilal Shariah Advisors | Mufti Irshad Ahmad Aijaz

Net Assets as on 30th June, 2018 PKR 111.15 mn
NAV as on 16th October, 2018 98.48

Fund Manager Report

Related Links

 

Contact Us

Toll Free: 0800-00887
Email: ir@jsil.com

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