Overview
AL Habib Income Fund is an open-ended fund which invests in short to medium term investment avenues with an aim of providing return to investors on their investment along with capital growth. Major portion of investment comprises of Government Securities (PIBs, GoP Ijarah Sukuk, T-Bills etc.), cash in bank account, deposits, TFC/Sukuks etc. Weighted average time to maturity of the net assets shall not exceed 4 years however, this condition shall not apply to securities issued by the Federal Government. There is no lock-in period, investor can withdraw their investment during cut-off timings without any penalty.
Investment Objective
AHIF provides reasonable rate of return consistent with reasonable concern for safety of principal amount to the unit holder, along with facility to join or leave the fund at their convenience. The management team would seek to enhance return through active portfolio management using efficient tools.
For Investors’ Seeking
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Medium to long term income and capital growth
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Avoid volatility of stock market
Fund Details
| Basic Facts | |
|---|---|
| Launch Date | June 02, 2007 |
| Fund Type | Open-ended |
| Fund Category | Income Scheme |
| Fund Manager | Mr. Ahmed Abbas |
| Management Fee | Up to 10% of the gross earnings of the scheme |
| Front-end-Load | 1.00% (Management has the discretion to reduce or waive load on any transaction) |
| Back-end-Load | Nil |
| Benchmark | Six (6) months KIBOR rates |
| Dealing Days | Monday to Friday |
| Cut-off Timings | a) Monday to Thursday 4:00 pm; Friday 4:30 pm b) Same Day Redemption Monday to Friday 9:30 am |
| Pricing Mechanism | Forward Pricing |
| Allocation of Units (NAV) | Form Based |
| Minimum Subscription | Initial investment of Rs. 5,000/- Subsequently Rs. 1,000/- per transaction |
| Fund Stability Rating | “AA (f)” by PACRA |
| Rating Date | August 30, 2024 |
| Risk Profile | Medium (Principal at Medium Risk) |