Overview
AL Habib Asset Allocation Fund is an open-ended fund which aims to provide returns to investors with diversified portfolio of investments including both debt and equity investment as per the market condition to provide best returns with less volatility. The fund may invest up to 90% in equity securities or up to 90% in debt securities according to market conditions. There is no lock-in period, investor can withdraw their investment during cut-off timings without any penalty.
Investment Objective
AHAAF provides risk adjusted competitive returns to its investor by investing in multiple asset classes based on market outlook.
For Investors’ Seeking
Exposure to different asset classes
Combination of risky and non risky assets
Fund Details
| Basic Facts | |
|---|---|
| Launch Date | November 08, 2017 |
| Fund Type | Open-ended |
| Fund Category | Asset Allocation Scheme |
| Management Fee | Up to 3% for listed equity securities plus 1.5% for Income Securities and 1.25% for Money Market securities on weighted average net assets of respective allocation. |
| Fund Manager | Mr. Hamza Siddiqui |
| Front-end-Load | 2% (Management has the discretion to reduce or waive load on any transaction) |
| Back-end-Load | Nil |
| Benchmark | Weighted average daily return of KSE-100 + 6M KIBOR |
| Dealing Days | Monday to Friday |
| Cut-off Timings | Monday-Thursday 2:30 pm Friday 3:30 pm |
| Pricing Mechanism | Forward Pricing |
| Allocation of Units (NAV) | On realization of funds |
| Minimum Subscription | Initial investment of Rs. 5,000/- Subsequently Rs. 1,000/- per transaction |
| Risk Profile | High (Principal at High Risk) |