Karachi: Meezan Strategic Allocation Fund-II (MSAF-II), a perpetual Shariah Compliant Fund of Funds Scheme managed by Al Meezan Investment Management Limited, has shown commendable financial performance for the fiscal year ended June 30, 2024. The fund aims to generate returns through a mix of Shariah Compliant Fixed Income and Equity Mutual Funds, targeting varying investor risk tolerances.

MSAF-II operates under a flexible investment policy that allows for shifts between equity and fixed income allocations based on market performance predictions. This approach has enabled the fund to adjust swiftly to changing economic environments, maintaining robust gains across its portfolio.

According to information available from the Pakistan Stock Exchange (PSX), the Meezan Capital Preservation Plan IV, one of the strategic allocation plans within MSAF-II, reported a total income of PKR 79.00 million for FY24. This income was derived from a combination of realized and unrealized gains on investments, totaling PKR 23.00 million and PKR 36.00 million respectively, alongside dividend income and profits from bank savings.

The plan's net assets saw a significant increase, reaching PKR 281.00 million by the end of the fiscal year, compared to the previous period. The performance was further enhanced by a prudent distribution strategy, which provided an interim payout of PKR 5.00 per unit (10.00%), totaling PKR 19.00 million.

The strategic allocation framework of MSAF-II, which blends various asset classes and adjusts allocations in line with predefined risk-return profiles, has successfully captured growth while adhering to Shariah guidelines. This structured approach not only maximizes returns but also ensures compliance with Islamic financial principles, overseen by Dr. Muhammad Imran Ashraf Usmani, the fund’s Shariah advisor.