Invest In Mutual Funds In Pakistan | Al-Meezan Mutual Funds
Hello Hiveans!
Today I'm gonna talk about that how can we invest in mutual funds and which is the best place to invest your money in Pakistan. To invest in stock market you must have good knowledge otherwise you will lose your whole money. Those people who don't have much knowledge of stocks they can invest in mutual funds in which a fund manager will invest your money in different assets. So you don't need to get worried and no need to do research on different stocks. You will get your profit without any hard work, you have to just invest in mutual funds. So which mutual fund is best I'll tell you in this post.
So let's get started........
1. Al-Meezan Mutual fund
It's a equity fund in which high risk is also involved, you may face lose. The team who is leading this fund has impressive long-term performance record over 28 years. This fund is under the supervision of Dr. Imran Ashraf Usmani. We all knows that high risks have high profit also. On thier website it is mentioned that there is high risk and also high performance. If you want to get profit for long-term then it's the best fund that you can invest in Pakistan. If I talk about fund facts then it is Q open end fund, with equity since 13th July, 1995. It has 3.62 Billion value and it has management fee of 2% means for example if you deposited 1 lakh rupee in it 2000 rupees will be deducted as a management fee which is non refundable. It has food rating which is AM1 and it is listed in PSX means Pakistan stock exchange. If we see its historical performance, in the year 2021 there was 32.5% profit, it means if you deposited 1 lakh in this fund your profit for one year is 32,500 rupees.
2. Meezan Sovereign Fund
If you want a fund which have very less risk then you can invest in this mutual fund. In this fund, you'll get income on monthly basis and it has very low risk factors. It has value of 16.69 billion and the management fee is pretty much low which is 0.6 %. It is also listed in PSX, Pakistan Stock Exchange. The Fund performance is pretty much good. Almost from 6 years, it is going in high profit year by year. In 2023, profit was 15.37% and in 2022 was 8.27%. Overall, it has good track record. You can invest your amount in this fund if you can't afford any risk, it will give you profit fair but with consistency.
3. Meezan Daily Income Plan 1
The benefits that are given to you in this bank is competitive Hilal returns, you can invest in short to medium term with respect of your desire either you can invest in for 2 months, 6 months or for a year. You can quit your plan as you wish, there is no boundation that you must continue depositing. It provides easy and online investment method. The one interesting thing which is daily Dividend distribution you will get your dividend daily. The profit of your stock will be given to you on monthly basis. If we talk about its risk so that is little bit high not too much means it's moderate. It has given a good profit of last two years, in 2022 the profit was 20.58% and in 2023, there was 16.80%.
Final words :
Now let's discuss the investment limits which you can invest in these upper given funds. You can start your investment investment from 5000 rupees. You need to first open Meezan Bank Account. If you don't have Meezan account than you can visit Al-Meezan website and can create a digital account. You can start your investment journey with these mutual funds and can start earning profit.