MIIRF
Mahaana Islamic IGI Retirement Fund
Overview
Key Facts
Net Assets
-
Launch Date
-
Fund Auditors
-
Fund Manager
-
Fund Type
-
Trustee
-
Product Summary
-
Investment Objective
-
Performance
Risk profile returns
*assuming you have invested PKR 1,000
Subfunds
iNAV
-
Risk / Reward Scale
Low Risk
1
Low
High
MTD
-
Expense ratio
-
Key Facts
Net Assets
-
Launch Date
-
Fund Category
-
Fund Auditors
-
Fund Manager
-
Trustee
-
Product Summary
-
Investment Objective
-
Top Holdings
Holdings
%
ball
-
-
Asset Allocations
Historical Performance
Subfund
MTD
YTD
30D
90D
1Y
Since Inception
-
-
-
-
-
-
-
iNAV
-
Risk / Reward Scale
High Risk
2
Low
High
MTD
-
Expense ratio
-
Key Facts
Net Assets
-
Launch Date
-
Fund Category
-
Fund Auditors
-
Fund Manager
-
Trustee
-
Product Summary
-
Investment Objective
-
Top Holdings
Holdings
%
ball
-
-
Asset Allocations
Historical Performance
Subfund
MTD
YTD
30D
90D
1Y
Since Inception
-
-
-
-
-
-
-
iNAV
-
Risk / Reward Scale
High Risk
5
Low
High
MTD
-
Expense ratio
-
Key Facts
Net Assets
-
Launch Date
-
Fund Category
-
Fund Auditors
-
Fund Manager
-
Trustee
-
Product Summary
-
Investment Objective
-
Top Holdings
Holdings
%
ball
-
-
Sector Allocations
Historical Performance
Subfund
MTD
YTD
30D
90D
1Y
Since Inception
-
-
-
-
-
-
-
FAQs
Everything you need to know about MIIRF.
FAQ image
What is an ETF (Exchange Traded Fund)?
An ETF is a basket of shares that has been put together in one stock. When you buy an ETF, you’re essentially buying one stock (ETF) which invests in multiple shares. It is a great vehicle for investors to get access to a diversified portfolio.
Are ETFs safer than individual stocks?
In a way, yes! Since ETFs invest in multiple sectors, at any given time some sectors can be doing well, while others might not be so your overall risk is low. However, if the market is not doing well, the ETF will be impacted as well.
What is MIIETF?
MIIETF, Mahaana Islamic Index Exchange Traded Fund is an ETF listed on the Pakistan Stock Exchange. It is Pakistan’s first broader index Islamic ETF that tracks the performance of top 30 Shariah-compliant companies in Pakistan.
Is MIIETF Shariah-compliant?
Yes, MIIETF invests only in Shariah-compliant assets.
What are the benefits of investing in MIIETF?
Diversified portfolio: Exposure to a basket of stocks: Oil & Gas Exploration, Fertilizer, Cement, Power Generation and Distribution, Commercial Banks and other sectors.
Long-term growth potential: ETFs invest in companies across various sectors that are positioned for growth in the long term. Factors like technological advancements, increasing global demand, and economic development can drive these companies' value, potentially benefiting the ETF's overall performance.
Lower costs: ETFs tend to have lower expense ratios, resulting in reduced fees for investors over time.
Transparency
: ETFs provide real-time pricing and transparency of holdings, allowing you to see what assets you own at any given time.
Tax Efficiency: ETFs tend to have lower turnover ratios compared to actively managed funds. This means fewer taxable events.
How can I buy ETFs?
You will need to contact your PSX broker to buy an ETF.
Do ETFs provide dividends?
ETFs pay dividends annually as and when deemed fit by the board of directors. These are paid out from the gains on investments from the underlying basket of shares.