Meezan Paidaar Munafa Plan(s)
The Meezan Paidaar Munafa Plan – 40 (MPMP – 40) is an investment 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 – 40 (MPMP –40) |
|---|---|
| Product Category | Open end Shariah Compliant Collective Investment Scheme as per SECP’s Circular No. 3 of 2022 |
| Subscription Period | March 9, 2026 – March 30, 2026 |
| Launch Date | March 31, 2026 |
| Maturity Date | June 26, 2026 |
| Benchmark | PKISRV rates on the last date of IOP of the Plan with the maturity period corresponding to the maturity of the Plan. |
| Minimum / 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 a 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 | AA | 100% | 0% | Equal to the Actual Maturity of the Plan |
Note: The weighted average time to maturity of the 90% net assets shall not exceed 4 years and this condition shall not apply to securities issued by the Federal Government.
Investments shall be made as per the authorized investment limits given above and may be made according to the following mode of Shariah Transaction such as; principles of Bai’-Mu’ajjal, Bai’- Mussawwama, Bai’-Salam, Istisna’a, Mudaraba, Murabaha and Musharakah or any other structure as approved by the Shariah Advisor from time to time.
The Fund, in light of its investment objective and investment policy, shall exclusively invest in Shariah Compliant investments transacted, traded or listed in Pakistan. Any investment made outside Pakistan shall be subject to prior approval of the State Bank of Pakistan and SECP.
The management company shall intimate trustee and the Commission about the risk profile, allocated to the respective Plans as per SECP Circular No. 2 of 2020 dated February 06, 2020, and duration of the plans before its launch.
*The return on investment is not fixed and is subject to market risks. If you want to evaluate fund performance, you may refer to the Latest Fund Manager Report. Click here
