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| Pakistan Islamic Pension Fund (Pipf) |
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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 in Shariah compliant assets.
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Fund Profile |
The Pakistan Islamic Pension Fund (Pipf), under the Voluntary Pension System (VPS)
was launched on 2 November 2007.
Pipf is a flexible savings cum investment plan 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 while maintaining compliance with Shariah. 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 double
tax savings, individualized asset allocation, minimal administration, avoiding complications
associated with defined benefit schemes.
Pipf is a long only scheme and is not allowed to undertake leveraged investments. |
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| Pipf Overall Asset Allocation (Equity) |
pipf Overall Asset Allocation (Equity) |
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| Pipf Overall Asset Allocation (Debt) |
pipf 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: 3.00% 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 |
1.91% |
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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 |
15th November 2007 |
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Fund Type |
Islamic Voluntary Pension Scheme |
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Minimum
investment |
Rs. 1,000 |
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Fund Manager |
Uzma Khan, CFA, FRM |
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Initial price |
PKR 100.00 |
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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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| Pipf Overall Asset Allocation (Money Market) |
pipf 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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