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Alhamra Islamic Stock Fund

Investment Objective

The objective of the fund is to provide investors long term capital appreciation from its investment in Shariah Compliant Equity Securities.

Fund Profile

Alhamra Islamic Stock Fund (ALHISF) is an open end shariah complaint Equity Scheme which primarily invests in shariah compliant stocks according to screening criteria provided by the Shariah Supervisory Board. The Fund takes advantage of equity market volatility and buys equities when they are underpriced and sells equities when they are overpriced. DCF (discounted cash flow) valuations are pivotal for stocks selection in the portfolio. The fund is mostly invested in liquid stocks.

Quick Facts

Launch Date 11-Sept-2004 (Converted into Shariah Compliant Islamic Fund with effect from July 01,2015)
Fund Type An Open End Scheme
Currency PKR
Minimum Investment 500 /-
Fund Manager Awais Abdul Sattar, CFA
Asset Manager Rating AM1 (AM One) by PACRA (06-Oct-2020)
Pricing Mechanism Forward
Listing Pakistan Stock Exchange
Trustee Central Depository Company of Pakistan Limited
Auditor KPMG Taseer Hadi & Co. Chartered Accountants
Benchmark KMI-30 Index

Latest Expense ratio of the Fund is updated in the FMR (Fund Manager’s Report).

5 years performance

Year Fund (%) Benchmark (%)
2020 2.36 1.62
2019 -20.22 -23.84
2018 -12.00 -9.59
2017 29.97 18.80
2016 3.90 15.53

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Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results. Please read the Offering Document to understand the investment policies and the risks involved. Performance data does not include the cost incurred directly by an investor in the form of sales loads etc. The information in this literature is issued for indicative and informational purposes only and investors are advised to make their own appraisal of the investment opportunity, tax implications and consult their own financial, legal, taxation and/or other professional advisors prior to making any investment in mutual fund. The mutual fund may hold certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and the Financial Statements of the mutual fund particularly the details of non-compliant investments, provision against SWWF liability and Risk Factors.