Product details:
Roshan Pension Plan (Faysal Islamic Pension Fund) is a Voluntary Pension Scheme plan that aims to provide individuals with a portable, individualized, funded (based on defined contribution) and flexible pension scheme which is managed by professional investment manager to assist them to plan and provide for their retirement. The design of the scheme empowers the participants to decide how much to invest in their pensions and how to invest it, as well as to continue investing in their pension accounts even if they change jobs.
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Investment Strategy
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Allocation Scheme
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Equity Sub-Fund
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Debt Sub-Fund
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Money Market Sub-Fund
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High Volatility
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Min 65%
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Min 20%
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NIL
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Medium Volatility
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Min 35%
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Min 40%
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Min 10%
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Low Volatility
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Min 10%
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Min 60%
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Min 15%
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Lower Volatlity
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NIL
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Min 40%
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Min 40%
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Customized
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0-100%
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0-100%
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0-100%
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Following Allocation Schemes to allocate the Contributions received from the Participants in the Sub-Funds:
Medium Volatility Allocation Scheme
This scheme shall seek to allocate a major portion of the Contributions to the Equity Sub-Fund and Debt Sub-Fund and the remaining portion will be allocated to the Money Market Fund. This schemes aims to strike a balance between investments in equities and debt, thereby suiting Participants who have moderate risk tolerance.
Low Volatility Allocation Scheme
This scheme shall allocate a major portion of the Contribution to the Debt Sub-Fund and the remaining portion will be allocated between the Equity Sub-Fund and Money Market Sub-Fund. By placing a major portion of the funds in the Debt Sub-Fund, this scheme offers a low risk and less volatile avenue to Participants. It is therefore appropriate for individuals who are relatively risk averse in nature and prefer safer investments.
Lower Volatility Allocation Scheme
This scheme shall not allocate any portion of the Contribution to the Equity Sub-Fund. The entire contribution will be allocated between the Debt Sub-Fund and the Money Market Sub-Fund. This scheme takes no exposure to equities, which are considered risky securities. By investing only in debt and money market instruments, this scheme is the least risky amongst the approved four schemes, prescribed by the Commission.
The exact exposure to each Sub Fund within the Allocation Scheme would be decided by the Pension Fund Manager from time to time. Changes to the percentage exposure under an Allocation Scheme shall be carried out in a manner as prescribed by the Commission from time to time.
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Fund Facts
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Fund Type
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Open Ended
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Investment Mechanism
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Forward Pricing
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Tenure
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Perpetual
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Category
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Voluntary Pension Scheme
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Management Fee
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Up to 1.50% on Average Net Assests of each Sub-Fund
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Minimum Investment
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Rs. 10,000
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Front End Load
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NIL
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Risk Profile
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Lower to Medium (as per Allocation Scheme)
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Transparency
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Daily calculation and announcement of NAV
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Trustee
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Central Depository Company of Pakistan
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Auditor
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A.F Ferguson & Co.
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Back Office Accounting Services
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IT Minds Limited
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