The “Meezan Paidaar Munafa Plan – XIV (MPMP –XIV)” is an Allocation Plan under “Meezan Fixed Term Fund (MFTF)” with an objective to provide investors with a competitive rate of return, for fixed tenure by investing primarily in Shariah Compliant TDRs and money market placements/ Instruments for a specific duration.
| Plan Name | Meezan Paidaar Munafa Plan – XIV (MPMP –XIV) |
|---|---|
| Plan Category | Open end Shariah Compliant Collective Investment Scheme as per SECP’s Circular No.3 of 2022 |
| Launch Date | 3rd February, 2025 |
| Duration of the Plan | 309 Days |
| Fund Size – November 30th, 2025 | Rs 0.02 Billion |
| Benchmark | PKISRV rates on the last date of IOP of the Plan with the maturity period corresponding to the maturity of the Plan |
| Minimum and Subsequent Investment | Rs. 500,000 |
| Contingent Load | Contingent load shall be charged on redemption prior to maturity and shall commensurate with net loss incurred due to Early Redemption, as determined by the Management Company. |
| Expense Ratio | As per NBFC Regulations. |
| Management Fee | The Management Company shall charge management fee up to 1% of daily net assets of the Scheme. |
| Target Towards | Individuals, HNWI’s, Corporates, Banks, DFI’s, Insurance Companies, Employee Retirement and Endowment funds, Charitable Institutions and Trusts & NGO’s. Primarily that clientele which seeks better returns than available by TDRs of corresponding tenure, while not seeking liquidity prior to initial maturity of the plans. |
| Authorized Investments | Entity / Instruments Rating | Maximum Exposure | Minimum Exposure | Maturity |
|---|---|---|---|---|
| A. Shariah Compliant GOP Issued/guaranteed Securities | N/A | 100% | 0% | N/A |
| B. Cash at Bank (excluding TDRs) with licensed Islamic Banks or Islamic Branches/Windows of Conventional Banks, Shariah Compliant Government Securities including GoP Ijarah Sukuk not exceeding 90 days maturity. | AA | 100% | 0% | N/A |
| C. Shariah compliant placements with maturity not exceeding three (03) months | AA | 100% | 0% | Equal to the Actual Maturity of the Plan |