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Atlas Conservative Allocation Islamic Plan

Atlas Conservative Allocation Islamic Plan under Atlas Islamic Fund of Funds (AIFOF) was established by a Trust Deed dated 3rd September, 2018, between Atlas Asset Management Limited (AAML) as Management Company and Central Depository Company of Pakistan Limited (CDC) as Trustee.

The Atlas Conservative Allocation Islamic Plan is a Shariah Compliant Allocation Plan under the Atlas Islamic Fund of Funds and primarily aims to provide stable returns. It shall invest at least 20% of its net assets in Shariah Compliant Equity Funds, while the remaining portion is allocated to Shariah Compliant Fixed Income Funds. This Allocation Plan is suitable for Investors having a relatively low risk tolerance and/or wish to save for short to medium term.

Plan Launch Date : January 7, 2019
Plan Type : Open-ended Islamic Fund of Funds
Dealing Days : Monday to Friday
Front End Load : Up to 2% (Amount less than or equal to Rs.25 Million). However, in case where transaction are done online or through a website, the maximum front-end load will be up to 1.5%.
Back End Load : NIL
Pricing Mechanism : Forward Pricing
Management Fee : No Management fee in case of investment is made in CIS of AAML. However, management fee of 1% of average annual net assets in case investment is made in Cash/ Near Cash instruments, savings and term deposits made with Islamic banks or Islamic banking windows of commercial banks.
Duration : The Duration of the Allocation Plan is Perpetual.
Risk Profile : Medium
Trustee : Central Depository Company of Pakistan Limited (CDC)
Registrar : ITMinds Limited
Financial Year Ending : June 30
Minimum Investment : Rs.5,000/- (and Rs.1000 thereafter)
Shariah Advisor : Dr. Mufti Muhammad Wasie
Benchmark : Weighted average return of KMI-30 Index, and Six months average deposit rates of three (3)- A rated Islamic Banks or Islamic windows of conventional banks as selected by MUFAP.

  • Shariah Compliant investment and halal profit
  • Competitive returns
  • Professional Fund Management Expertise
  • Risk Diversification
  • Exemption from Zakat (on submission of Affidavit)