Meezan Funds Online
Financial Calculators

Income Funds

Meezan Munafa Plan – I

Investment Objective

The “Meezan Munafa Plan – I (MMP-I)” is an Allocation Plan under “Meezan Daily Income Fund (MDIF)” with an objective to provide investors with a competitive rate of return, through investment in Shariah Compliant Fixed Income Instruments.

Investment Strategy

The allocation plans under this fund shall primarily invest in Islamic Fixed Income instruments as per their respective authorized investible avenues, and as approved by the Shariah Advisor. The allocation plans under this fund shall be subject to such exposure limits as are specified in the Rules, the Regulations and directives issued by SECP from time to time.

Benefits at a Glance

  • Competitive Halal Returns
  • Good Avenue for short to medium term investments
  • No lock in period: Investors are entitled to profits even if they invest for a day
  • Under the supervision of a reputable Shariah Advisor; Dr. Muhammad Imran Ashraf Usmani

Choose this Fund If You Are Seeking

  • Annual Dividend

Fund Facts

Fund Type

Open End

Fund Category

Income

Launch Date

29th Aug, 2023

Fund Size

Rs 75.36 Bn

as on May 31st, 2026

Benchmark

6 Months

75% six (6) months PKISRV rates + 25% six (6) months average of the highest rates on saving account of three (3) AA rated scheduled Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP.

Risk Profile

Moderate

Unit Types

Growth and Income

Management Fee

Up to 1.5%

Actual Rate of Management Fee

0.80%

Front End Load

1.00%

Back End Load

Nil

Trustee

CDC

Central Depository Company Pakistan Limited

Fund Manager

Faizan Saleem

Asset Manager Rating

AM1

by VIS & PACRA

Initial / Subsequent Investment

Rs. 1,000,000

Fund Performance

FY25 FY24* FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16
MMP-I 12.95% 21.71% - - - - - - - -
Benchmark 10.37% 10.37% - - - - - - - -
* Performance start date of August 29, 2023. NAV to NAV return with Dividend reinvested.
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