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Income Funds

Meezan Mahana Munafa Plan - MMMP

Objective Of The Plan

The Investment Objective of the Plan is to provide Investors with a competitive rate of return, together with monthly payout through investment in Shariah Compliant fixed income instruments.

Key Benefits

  • Attractive Halal returns as compared to other investment avenues
  • Low Risk Product; suitable for investors looking for short to medium term investment horizon
  • No Front-End Load
  • Over 30 years track record of managing your investments
Note: Low Risk means Risk of Principal Erosion is Low
Low Risk

Plan Details

Plan Name Meezan Mahana Munafa Plan -MMMP
Plan Category Open End Shariah Compliant Income Scheme
Date of Inception 29th October, 2022
Duration of the Plan Perpetual
Benchmark 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.
Minimum and Subsequent Investment Rs.200,000 and no maximum amount.
Contingent Load –
Expense Ratio As per NBFC Regulations
Management Fee Up to 1.5%
Target Towards Primarily that clientele which seeks better returns than available by TDRs.

Fund Facts

Fund Type

Open End

Fund Category

Income

Launch Date

29th October, 2022

Fund Size

1.73 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

Low

Unit Types

Growth and Income

Management Fee

Up to 1.5%

Actual Rate of Management Fee

1.50%

of net assets

Front End Load

Nil

Back End Load

Nil

Trustee

CDC

Central Depository Company Pakistan Limited

Listing

PSX

Pakistan Stock Exchange

Fund Manager

Faizan Saleem

Asset Manager Rating

AM1

by VIS & PACRA

Initial / Subsequent Investment

Rs. 200,000

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Authorized Investments

Meezan Mahana Munafa Plan -MMMP

Authorized InvestmentsEntity / Instruments RatingMaximum ExposureMinimum ExposureMaturity
A. Shariah Compliant Fixed Income Government Securities (including Sukuk) issued or guaranteed by GoP*AAA75%0%6 Months

B. Shariah compliant Money market instruments such as Islamic TDR, Certificate of Islamic Investments (COII), Certificates of Musharaka (CoM), Islamic Certificates of Deposit (CoD), etc. with Islamic Commercial Banks and Islamic DFIs or Islamic windows of Commercial banks and DFIs.

AA or Above75%0%6 Months
C. Cash and Cash equivalents: Shariah compliant Government Securities with 90 days maturity/cash with Islamic banks/Windows of Islamic Banks.AA or Above100%25%N/A
D. Shariah Compliant Placements of funds (including TDR, PLS Saving deposit, COD, COM, COI, Money Market Placements and other clean placements of the funds) with all.AAA25%0%6 Months
E. Any other Shariah compliant investment which may be authorized by the Fund’s Shariah Advisors and SECPAA or AboveAs Specified by SECP in the Approval0%–

Note: Investments may be made as per the authorized investment limits given above and may include 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.

Weighted average time to maturity of the Scheme shall not exceed 90 days.

The Plan, 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.

FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16
MMMP 11.15% 20.00% 15.28% - - - - - - -
Benchmark 10.37% 10.10% 6.52% - - - - - - -
FAQs
Offering Document
Fatwah
Risk Disclaimer: All investments in Mutual Funds and Pension Fund are subject to market risks. Past performance is not necessarily indicative of the future results. Please read the Offering Document to understand the investment policies, tax implications and risks involved. The performance data has been computed NAV to NAV with dividend reinvested. The investors are advised in their own interest to carefully read the contents of the Offering Document, in particular the Investment Policies mentioned in clause 2, Risk Factors mentioned in clause 2.9, Taxation Policies mentioned in Clause 7 and Warnings in Clause 9 before making any investment decision. The Allocation Plan falls under Meezan Fixed Term Fund.

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  • Get account balance: SMS BAL (Portfolio ID) to ‘6655’
  • Daily NAV prices : SMS NAV to ‘6655’
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*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