Askari Islamic Asset Allocation Fund
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Investment Objective :
The objective of the Fund is to provide investors a unique AIM Based Shariah compliant Investment solution focused on a Total Return based philosophy. The Fund AIMs to provide "Risk Free + 3% (CAGR)" returns on rolling period of two years, targeting to capitalize on opportunities available in equity and debt markets based on in-house research and proprietary investment techniques.

Strategy :
Our Islamic Asset Allocation Fund invests only in Shariah Compliant Instruments which include Shariah Compliant stocks and Islamic Money Market Investments. The Fund does not follow the KMI 30 Islamic Equity Index as a benchmark, instead it offers investors an Absolute Return objective of "Risk Free + 3% (CAGR)" over a rolling period of 2 years. This makes our Fund less risky for investors.

Why Invest in this Fund :
  • Fund aims to provide target return of Risk Free + 3% (CAGR) over a 2 years horizon under all market conditions.
  • The fund thrives on structured investment strategies eliminating any human sentiments of greed and fear.
  • It provides an ideal investment platform for investors targeting returns better than fixed income instruments and lower risk than equity securities.
  • The fund by design uses market volatility to its advantage, buying when valuations are attractive and sell when risks are high.
 
 
 

Mr. Salman Badami, ACCA
Fund Manager
Askari Islamic Asset Allocation Fund


Mr. Badami has been associated with AIML as AVP – Fund Management since July 2016 and currently, managing equity portfolio of funds and SMAs. He started his career from HBL Asset Management in the capacity of Research Analyst in 2011 and later joined Topline Securities. Subsequent to Topline Securities, Mr. Badami served at Bank AL Habib – Investment Banking as Senior Financial Analyst and later joined Al–Baraka Bank (Pakistan) Limited – Capital Market as Equity Portfolio Manager. Mr. Badami is an ACCA Member and MBA (Finance) from Iqra University. He also holds BSc (Hons) degree from Oxford Brookes University, England. Presently, he is enrolled with CFA and GARP Institute. He has also attended professional training on Financial Modeling from IBA, Karachi. He is also a Member of the Investment Committee (IC) of the Allocation and Equity funds.
 


 Investment Committee Members:

Saqib Mukhtar   CEO
Mustafa Kamal   CIO / COO
Mustafa Iqbal   Head of Research
Adeel Shahid   CFO (Acting)
Faiz ul Sultan   Research Analyst - Equities

Minimum Investment   5,000.00
Sales Load   2.5% Front End
Up to 5% Back End
Management Fee   2.0%
Fund Performance Ranking   1 Year – 2 Star, 3 Year – 2 Star, 5 Year - 2 Star by JCR-VIS 
Management Co,Rating   AM3+ (Stable Outlook) by JCR-VIS
Pricing Mechanism   Forward
Bench Mark   50% 3 months average deposit rate off 3 Islamic bank + 50% KMI 30 Equity Index
Dealing day and cutoff times   Monday-Friday 9:00am to 4:30pm
*Subject to approval of SECP   Current approved benchmark is 50% KMI & 50% 3M Avg. of 3 Islamic Bank Deposit Rates.

Fund type   Open-End
Category   Shariah Compliant Islamic Asset Allocation Fund
Fund Launch Date   September 18,2009
Risk   Moderate
Registrar    
Trustee   MCB Financial Services Ltd.
Auditors   KPMG Taseer Hadi & Co.
 
 
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