JS Islamic Hybrid Fund of Funds aims to generate need-based returns for its clients by offering several Allocation Baskets/Plans with varying mix of exposures to low / high risk asset classes via underlying mutual funds. Investment Objectives of the Allocation Baskets/Plans initially offered under JSIHFOF are as follows:
(Balanced Basket/Plan with Income preference)
Mustahkem Basket/Plan shall aim to provide the Investors with a low risk basket/plan primarily investing in Shariah compliant sovereign / income / money market funds (Income portion). The basket/plan attempts to enhance the returns through limited exposure to Shariah compliant Equity Funds (Equity Portion). This Allocation Basket/Plan is suitable for Investors who have low to moderate risk tolerance.
(Active Allocation Basket/Plan)
The Mutanasib Basket/Plan follows a robust and active asset allocation strategy between Shariah Compliant Equity Funds and Shariah Compliant Sovereign, Income and Money Market Funds, to achieve high risk-adjusted returns. The Basket/Plan shall attempt to benefit from performance of Equity schemes and limit downside risk by active reallocation of its portfolio between Equity Portion and Income Portion. This Allocation Basket/Plan is suitable for Investors who have a relatively higher risk tolerance.
(Balanced Basket/Plan with Equity preference)
The aim of Mufeed Basket/Plan is to offer an enhanced growth potential to its Investors by taking high exposure in Shariah Compliant Equity Funds (Equity Portion), while keeping an appropriate exposure to Shariah Compliant Sovereign, Income and Money Market Funds (Income Portion), to optimize risk. This Allocation Basket/Plan is suitable for Investors who have a moderate to high-risk tolerance.
(JSICPAP – 8)
“JS Islamic Capital Preservation Allocation Plan – 8” aims to earn a potentially high return through dynamic asset allocation between Shariah Compliant Equities and Shariah Compliant Sovereign Income/Money Market based Collective Investment Schemes and Shariah Compliant Bank Saving Accounts and Term Deposits, while providing principal preservation of the Initial Investment value at completion of the life of the Plan.
| Term Sheet JS Islamic Hybrid | |
|---|---|
| Launch Date | 07 June, 2017 |
| Fund Type | Open end Shariah Compliant Fund of Funds |
| Currency | PKR |
| Minimum Investment | 1 Unit |
| Asset Manager Rating | AM2+ by PACRA |
| Pricing Mechanism | Forward |
| Front End Load | Mustanad 0% | Mustehkam 0.5% | Mutanasib Up to 3% | Mufeed Up to 3% | Munafa Up to 3% of Average Annual Net Assets |
| Management Fee | Nil (Up to 1% M.Fee p.a. applicable on investments made in CIS not managed by JSIL) |
| Risk Profile | Low-Moderate-High (as per allocation basket/plan) |
| Listing | Pakistan Stock Exchange |
| Trustee | KPMG Taseer Hadi & Co. |
| Shariah Advisor | Al – Hilal Shariah Advisors |
| Auditor | KPMG Taseer Hadi & Co. |
| 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". |
Medium/Long term wealth creation solution
A Plan to suit your needs
Diversified Portfolio of Funds
Managed by Professional Fund Managers
Easy Investment & Withdrawal
Online portal facility
If you are looking to grow your wealth by investing in Mutual Funds, JSIHFoF has an Investment Plan that will be an ideal match for your needs.
JSIHFoF is an open-end Fund that invest in other Mutual Funds. JSIHFoF offers a number of Investment Plans suited for investors with varying risk/return profiles.
| Allocation Plan | Income Portion | Equity Portion | Cash and/or Near Cash instruments* |
|---|---|---|---|
| Mustahkem | Up to 100% | Up to 30% | Up to 10% |
| Mutanasib | 0%-100% | 0%-100% | Up to 10% |
| Mufeeds | Up to 30% | Up to 100% | Up to 10% |
| JSICPAP – 8 | JS Islamic Capital Preservation Allocation Plan – 8 | JS Islamic Capital Preservation Allocation Plan – 8” aims to earn a potentially high return through dynamic asset allocation between Shariah Compliant Equities and Shariah Compliant Sovereign Income/Money Market based Collective Investment Schemes and Shariah Compliant Bank Saving Accounts and Term Deposits, while providing principal preservation of the Initial Investment value at completion of the life of the Plan. | Up to 10% |
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