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| Pakistan Pension Fund (PPF) |
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Investment Objective |
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The objective of the fund is to provide a flexible retirement savings plan for individuals with customized investment choices.
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Fund Profile |
The Pakistan Pension Fund (PPF), under the Voluntary Pension System (VPS) was launched
on 27th June 2007. The PPF made its first investment on 26th July 2007 after the
necessary legal documentation and operational approvals were received.
PPF is a flexible savings cum investment plan under VPS which facilitates all individuals
who are Pakistani nationals, to save for their retirement in a systematic way, topping
up their savings with investment returns at their desired investment exposure and
granting them special tax benefits, with numerous valuable options before, at and
after retirement. The scheme can be used as a replacement for any existing Provident,
Pension or Gratuity funds, or can be entered into alongside these funds. Systematic
transition of the existing Provident/Gratuity/Pension schemes to the VPS is also
possible in a manner that allows maximum tax credit to the concerned.
VPS carries clear advantages over existing saving funds. Most obvious ones are tax
savings, individualized asset allocation, minimal administration and avoiding complications
associated with Defined Benefit Schemes.
The investor has a choice between various allocation schemes that PPF offers, each
of which is invested in different proportions in the three sub-funds: Equity, Debt
and Money Market.
PIPF is a long only scheme and is not allowed to undertake leveraged investments. |
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| PPF Overall Asset Allocation (Equity) |
PPF Overall Asset Allocation (Equity)
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| PPF Overall Asset Allocation (Debt) |
PPF Overall Asset Allocation (Debt)
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| Fee Schedule |
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Management fee: 1.5% per annum of average NAV |
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Front-end load: 3% of the NAV
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Overall annual expense
ratio for the composite is as follows: |
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Financial Year |
Expense Ratio |
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2007-08 |
2.39% |
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^ annualized |
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Expense ratio has been calculated taking into account operating expenses excluding brokerage as a percentage of average net assets of the composite |
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| Quick Stats |
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Date of Inception |
29th June 2007 |
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Fund Type |
Voluntary Pension Scheme |
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Minimum
investment |
Rs. 1,000 |
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Fund Manager |
M.Asim,CFA |
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Initial Price |
PKR 100 |
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Currency |
PKR |
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Registrar |
Arif Habib Investments Limited |
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Trustee |
Habib Metropolitan Bank Limited |
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Auditors |
M. Yousuf Adil Saleem & Co. – Chartered Accountants
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| PPF Overall Asset Allocation (Money Market) |
PPF Overall Asset Allocation (Money Market)
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| Top Ten Holdings |
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| Dividend History |
| Financial Year |
% of Face Value |
Payout /unit (Rs.) |
Form |
Bonus reinvested |
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2007-08
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- |
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All investments in mutual funds and securities are subject to market risk. The NAV based price of
these units and any dividends and return thereon are dependent on forces and factors affecting the
capital markets. These may go up or down based on market conditions. Past performance is not
necessarily indicative of future results. Please read the Offering Document to understand the
investment policies and the risk involved. |
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