We offer a wide range of solutions to meet your needs

Mutual Funds (Collective Investment Schemes) give you affordable access to a wide variety of assets to meet your investment objectives, helping you minimize your risk while maximizing your returns.

Types of Mutual Funds

Equity Funds

Al Ameen Shariah Stock Fund

ASSF is an open-ended stock fund which aims to achieve long term capital growth by investing primarily in Shariah compliant equity securities.

Front-End Load: 2.5% of Net Asset Value

Management fee: 2% p.a of Net Asset Value

Back-End Load: Nil

Returns as per Fund Manager’s Report:

FY21 till June’21 FY20 FY19 FY18 FY17
33.96% 10.40% -18.40% -12.40% 29.20%

Taxes will be applicable as per current applicable rates

UBL Stock Advantage Fund

UBL Stock Advantage Fund is an open-ended stock fund which aims to maximize total returns and outperform its benchmark by investing in a combination of securities offering long term capital gains and dividend yield potential.

Front-End Load: 2.5% of Net Asset Value

Management fee: 2% p.a of Net Asset Value

Back-End Load: Nil

Returns as per Fund Manager’s Report:

FY21 till June’21 FY20 FY19 FY18 FY17
31.73% 4.90% -16.27% -10.13% 30.15%

Taxes will be applicable as per current applicable rates

Income Funds

Alhamra Islamic Income Fund

AHIIF is a Shariah Compliant Income Scheme whose objective is to generate risk adjusted returns by investing in short, medium and long-term Shariah Compliant Fixed Income instruments.

Front-End Load: 2.5% of Net Asset Value

Management fee: of up to 10% of Gross earnings subject to a minimum fee of 0.25% per annum

Back-End Load: Within 12 mos: 0.75%, Within 24 mos, 0.5%, Post 24 months: Nil

Returns as per Fund Manager’s Report:

FY21 till June’21 FY20 FY19 FY18 FY17
6.51% 11.63% 8.24% 4.96% 6.49%

Taxes will be applicable as per current applicable rates

Asset Allocation Funds

MCB Pakistan Asset Allocation Fund

MCB Pakistan Asset Allocation Fund is an asset allocation fund, and its objective is to provide a high absolute return by investing in equity and debt markets

Front-End Load: 3% of Net Asset Value

Management fee: 2% p.a of Net Asset Value

Back-End Load: Nil

Returns as per Fund Manager’s Report:

FY21 till June’21 FY20 FY19 FY18 FY17
26.16% -3.58% -9.79% -2.55% 9.54%

Taxes will be applicable as per current applicable rates

Bachat Units for Alhamra Islamic Asset Allocation Fund

Bachat Units for Alhamra Islamic Asset Allocation Fund is a plan for investors where there is no front-end load while a back-end load is applicable if the units are redeemed before end of 2yrs. Alhamra Islamic Asset Allocation Fund is an open-ended, asset allocation fund that invests in shariah compliant equity and debt markets. The Fund shifts exposures between shariah compliant debt and equity as per market conditions.

Front-End Load: Nil

Management fee: 2% p.a of Net Asset Value

Back-End Load: Within 12m: 3%, Within 24m, 2%, Post 24m: Nil

Returns as per Fund Manager’s Report:

FY21 till June’21 FY20 FY19 FY18 FY17
24.41% -0.76% -8.89% -4.06% 27.74%

Taxes will be applicable as per current applicable rates

Al Ameen Islamic Asset Allocation Fund

AI-Ameen Islamic Asset Allocation Fund provides investors with a portfolio having a variable mix of asset classes. The fund has a provision to diversify its net assets across multiple types of Shariah Compliant securities and investment styles

Front-End Load: 3% of Net Asset Value

Management fee: 2% p.a of Net Asset Value

Back-End Load: Nil

Returns as per Fund Manager’s Report:

FY21 till June’21 FY20 FY19 FY18 FY17
17.07% 9.81% ‐4.16% ‐1.33% 14.58%

Taxes will be applicable as per current applicable rates

Pension Funds

Meezan Tahaffuz Pension Fund

Meezan Tahaffuz Pension Fund is a Voluntary Pension Scheme that allows flexibility of contributions in terms of amount and frequency to meet your post-retirement financial needs.

Front-End Load: 3% of Net Asset Value

Management fee: 1.5% p.a of Net Asset Value

Back-end Load: Premature encashment before retirement age will be subject to deduction at a rate equivalent to participant’s Income Tax calculated at my average tax rate for the last three years.

Tax Rebate: Additional tax rebate of up to 40%

Returns as per Fund Manager’s Report

FY21 till June’21 FY20 FY19 FY18 FY17
34.72% 5.97% -23.70% -16.50% 20.40%

Taxes will be applicable as per current applicable rates

Limited Subscription Plans

Limited Subscription Plan offers potentially high returns through participation in Equity schemes and protect downside risk of capital through participation in Income/Money Market schemes. Limited Subscription Plans are of a limited time period (generally 2 years or more) and carry a back-end load on early redemption.

Note: Please check with your RM for product availability.

Disclaimer

The contents of this webpage are for general information only and do not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration. It has not been prepared for any particular person or class of persons and it has been prepared without regards to the specific investment objectives, financial situation or particular needs of any person. You should seek advice from a financial adviser on the suitability of the product for you, taking into account these factors before making a commitment to purchase the product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

Investments in Mutual Funds / Investment Products are subject to market risks. Past performance should not be taken as a guarantee of future performance and no representation or warranty, express or implied, is made regarding future performance. Please read the Trust Deed and the Offering Document of a Mutual Fund carefully to understand the investment policy of a Mutual Fund and the risks involved. Standard Chartered Bank (Pakistan) Limited is only the ‘Distributor’ of Mutual Funds in Pakistan, as licensed by Securities and Exchange Commission of Pakistan through License to Act as Securities Advisor under license no. SA-0040/SA/SCD/2021-24. This literature constitutes a summary of products and while all reasonable care has been taken in preparing this document, no responsibility is taken by Standard Chartered Bank (Pakistan) Limited for any opinion expressed herein or any liability for any consequences, financial or otherwise, arising from the subscription or acquisition of these products. Investors should make their own appraisal and consult their own financial, legal, taxation and other professional advisors prior to any subscriptions. Any product details/offerings will be shared by Standard Chartered Bank (Pakistan) Limited after conducting Suitability Assessment and Financial Need Analysis of the client.

A mutual fund is an investment vehicle that collects money from many investors, and invests the collected pool of money in various investment avenues. The fund is managed by experienced professionals, who manage the fund, and monitor its performance on an ongoing basis.

Some of the major benefits of investing in a mutual fund are:

  • Tax benefits
  • Diversification
  • Professional management
  • Liquidity
  • Affordability
  • Ease of investment
  • Transparency
  • Flexibility

No. Mutual funds are not capital guaranteed; return on mutual funds is also dependent on the nature of the investment and the economic environment.

There is no ideal tenor for holding an investment. However, one should keep in mind their financial requirements, risk appetite and nature of the fund they are invested in.

No. Past performance is no guarantee of a fund’s future performance.

No. SCBPL is only a distributor of these funds as licensed by Securities and Exchange Commission of Pakistan through License to Act as Securities Adviser. SCBPL and its affiliates shall not be held responsible in any manner whatsoever to any person, including but not limited to, the client(s), beneficiary or any third party with respect to the performance of the fund / plan.

The riskiest investment is in an equity fund followed by in an income/fixed income fund and least risky in a money market fund.

Investment in Mutual Fund provides tax benefit by allowing the investor tax credit (as per Section 62 of the Income Tax Ordinance, 2001).

Islamic funds are different from conventional funds as their investments are limited to those that comply with Shariah Principles. These funds are carefully monitored by the Fund House’s Shariah Board/Shariah advisor to ensure all aspects of Shariah are adhered to.

You can get your funds back into your account within 7 working days from the date the application is received at the fund house.

A fund’s unit price, Net Asset Value (NAV), is published on the Fund House’s website as well as leading financial newspapers on a daily basis. You may obtain this NAV and multiply it with your number of units to get the current investment value.

Example: NAV is Rs 133.47. Your number of units is 40,000
40,000 * Rs 133.47= Rs 5,338,800/-

It is the fee charged by asset management companies (AMCs) for managing funds. It is calculated as a percentage of net assets under management and is typically quoted on an annual basis.

Front-end load is a commission or sales charge applied at the time of the initial purchase of the investment in a mutual fund. It is deducted from the initial investment amount, and as a result, lowers the size of the investment.

A back-end load is a fee that investors pay when selling mutual fund shares. The fee is calculated as a percentage of the value of the shares being sold.

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