JS Fund of Funds - JS Investments Limited...
Transcript of JS Fund of Funds - JS Investments Limited...
JS Fund of Funds (JS FoF) aims to grow investor’s capital by undertaking minimal risk through investing primarily in any of the available collective investment schemes that includes equity, balanced, �xed income, money market, real estate investment trust (REIT) and commodities etc. The Fund may also invest in short term government securities and money market instruments, not exceeding 90 days maturity.
Fund Name JS Fund of Funds (JS FoF) Fund Type & Category Open End –Fund of Fund SchemeRisk Pro�le MediumBenchmark Weighted Average of "Three (3) months PKRV rates", "Six (6) months KIBOR rates" and
"KSE-100 Index", on the basis of actual investment in money market, income and equity schemesMinimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 1.00% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “CDC Trustee JS Fund of Funds”Management Quality Rating AM2 by JCR-VIS
A diverse portfolio of mutual funds; mitigates risk relating to the decisions of a single manager
Investment in desirable institutional Funds
No charges on redemption
Tax e�cient returns and Tax Credit (Under prevailing Tax Laws)
Bene�ts of Investing
Product Summary
AM2 Rated by JCR-VIS
The returns mentioned are on absolute return basis.
* Average Annualized Return since inception as per Morning Star formula
Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is netof management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results.Please read the Offering Document to understand the investment policies and the risks involved.
Returns as at September 30th 2017
Fund
Benchmark
-8.68%
-7.62%
5.62%
1.71%
FY 2018 Trailing oneyear returns
13.53%*
9.00%*
Since Inception
21%
27%
FY 2013
40%
20%
FY 2014
20%
21%
FY 2015
9%
4%
FY 2016
21%16%
FY 2017
JS Fund of Funds
JS Fund of Funds aims to grow investor’s capital by undertaking minimal risk through investing pri-marily in any of all the available collective investment schemes that includes equity, balanced, �xed income, money market, real estate investment trust (REIT) and commodities etc. The Fund may also invest in short term government securities and money market instruments.
Bene�ts of Investing• A diverse portfolio of mutual funds; mitigates risk relating to the decisions of a single manager.• Investment in desirable institutional funds• No charges on redemption.• Tax efficient returns and Tax Credit (Under prevailing Tax Laws)
Product SummaryFund Name JS Fund of Funds Fund Type & Category Open End –Fund of Fund Scheme
Risk Pro�le MediumBenchmark Average of asset allocation funds returnsBM FOF#
Minimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 1.00% (Exclusive of SST & FED)
Payment Instruction Cheque or bank draft or pay order, made payable to “CDC Trustee JS Fund of Funds”
Management Quality Rating AM2 by JCR-VIS
Returns as at January 31st 2017Since Inception FYTD Trailing one year returns FY2012 FY 2013 FY 2014 FY 2015 FY 2016
Fund 398.40%
21.68%* ---- 20% 21% 40% 20% 9%Benchmark 214.73%
20.38%* ---- 10% 27% 20% 21% 4%The returns mentioned are on cumulative return basis.* Annualized returnsPerformance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is net of management fee & all other expenses and based on divi-dend reinvestment gross of with-holding tax where applicable.
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not nec-essarily indicative of the future results. Please read the O�ering Document to understand the invest-ment policies and the risks involved.
AM2 Rated by JCR-VIS
JS Income Fund
JS Income Fund (JS IF) is an income fund that aims to preserve investor’s capital while providing a regular stream of current income on an annual basis which is higher than that o�ered by commercial banks on deposits of similar liquidity pro�le as this fund.
The Fund operates a diverse portfolio of investment-grade debt securities, government securities and money market instruments. The fund also maintain liquidity in the form of a bank deposits.
The returns mentioned are on annualized performance basis.
Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is netof management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results.Please read the Offering Document to understand the investment policies and the risks involved.
Returns as at September 30th 2017
Fund
Benchmark
5.63%6.18%
6.16%6.31%
FY 2018 Trailing oneyear returns
14.56%16.32%
Since Inception
11%10%
FY 2013
8%10%
FY 2014
11% 9%
FY 2015
6%7%
FY 2016
7%6%
FY 2017
A regular stream of income through government and high quality debt securitiesBetter returns vis-à-vis bank depositsSeek to maintain liquidity and competitive yields
No charges on redemption.Tax e�cient returns and Tax Credit (Under prevailing Tax Laws)
Bene�ts of Investing
Fund Name JS Income Fund (JS IF)Fund Type & Category Open End –Fixed Income SchemeFund Rating A+ (f )*Risk Pro�le Low-MediumBenchmark Average Return of Six (6) months KIBOR for any period of return Minimum Investment 1 unitFront end Load 1.00%Back end load NilManagement Fee 0.75% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “MCB FSL Trustee JS Income Fund”Management Quality Rating AM2 by JCR-VIS
Product Summary
*Rating by PACRA
JS Value Fund
The Fund maintains a portfolio of high yielding equity securities aiming at earnings derived from capital appreciation and dividend income.The portfolio seeks capital growth through investments in listed equity securities with dividend yield potential. To bene�t from changing interest rate environment and some portion of the portfolio is also kept in cash and near cash instruments (excluding TDR) which may include Government securities not exceeding ninety (90) days maturity.
An opportunity to participate in a diverse portfolio ofhigh yielding listed equity securitiesTo bene�t from capital market for maximizinginvestment returns
Aimed at earnings derived from a combination of capitalappreciation and dividend incomeNo charges on redemptionTax e�cient returns and Tax Credit (Under prevailing Tax Laws)
Fund Name JS Value Fund (JS VF)Fund Type & Category Open End –Equity SchemeRisk Pro�le HighBenchmark KSE30 (Total Return Index)Minimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 2.00% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “MCB FSL Trustee JS Value Fund”Management Quality Rating AM2 by JCR-VIS
Bene�ts of Investing
Product Summary
AM2 Rated by JCR-VIS
#10 Years Return (Since inception not available)Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is net ofmanagement fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results.Please read the Offering Document to understand the investment policies and the risks involved.
The returns mentioned are on absolute return basis.* Average Annualized Return since last ten year as per Morning Star formula
Returns as at September 30th 2017
Fund
Benchmark
-12.27%
-9.98%
1.09%
1.34%
FY 2018 Trailing oneyear returns
10.21%*
3.57
Since Inception# 64%
36%
FY 2013
36%
26%
FY 2014
10%
6%
FY 2015
14%
0%
FY 2016
26%
18%
FY 2017
JS Islamic Income Fund
Shariah compliance criteria set and monitoredby Shariah AdvisorsRiba free and competitive returnsBetter expected returns compared to bank accounts.At least 70% of investment in Shariah Compliant Government Securities.
Suitable for investors seeking stable returns of halal incomeFlexibility to withdraw your pro�t on monthly, quarterly, semiannual or annual basis*Tax E�cient returns and Tax Credit (Under prevailing Tax laws)*Subject to terms and conditions as specific in the Offering Documents.
Fund Name Fund Type & Category Fund Rating Risk Pro�le Benchmark
Minimum Investment Front end Load Back end load Management Fee Payment Instruction Management Quality Rating
JS Islamic Income Fund (JS IIF)Open End –Shariah Compliant Sovereign Income SchemeAA- (f )*Low-MediumAverage 6 month Placement (Deposit) rate of 3 Islamic Banks (including Islamic windowsof Commercial Banks) 1 unit1.00%Nil0.75% (Exclusive of SST & FED)Cheque or bank draft or pay order, made payable to “MCB FSL Trustee JS Islamic Income Fund” AM2 by JCR-VIS
*Rating by PACRA
JS Islamic Income Fund (JS IIF) is an open end “Shariah Compliant Sovereign Income Scheme” which aims at generating a stable stream of current HALAL income while ensuring low risk and capital enhancement in the medium to long term by investing primarily in Shariah Compliant Government Securities.
Bene�ts of Investing
Product Summary
AM2 Rated by JCR-VIS
Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported isnet of management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results.Please read the Offering Document to understand the investment policies and the risks involved.
The returns mentioned are on annualized return basis
Returns as at September 30th 2017
Fund
Benchmark
0.39%
2.93%
2.55%
3.88%
Trailing oneyear returns
5.71%
6.59%
Since Inception
6%
7%
FY 2013
9%
7%
FY 2014
6%
8%
FY 2015
4%
5%
FY 2016
4%
4%
FY 2017FY 2018
JS Islamic Fund
JS Islamic Fund (JS ISF) aims to maximize total returns along with capital gain that includes a combination of capital appreciation and dividend income. The Fund invests in Shariah compliant equity securities approved by the Shariah Advisors and can also deposit cash with Islamic Banks/Islamic windows of commercial banks.
Shariah compliance criteria set and monitoredby Shariah AdvisorsInterest free (Riba free)
Tax credit (rebate) to investors under prevailing tax laws
Fund Name JS Islamic Fund (JS ISF)Fund Type & Category Open End –Shariah Compliant-Equity SchemeRisk Pro�le highBenchmark KMI-30 Index Minimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 2.00% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “CDC Trustee JS Islamic Fund”Management Quality Rating AM2 by JCR-VIS
Bene�ts of Investing
Product Summary
AM2 Rated by JCR-VIS
Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is net ofmanagement fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results.Please read the Offering Document to understand the investment policies and the risks involved.
The returns mentioned are on absolute return basis.* Average Annualized Return since inception as per Morning Star formula
Returns as at September 30th 2017
Fund
Benchmark
-11.38%
-9.10%
7.56%
3.60%
Trailing oneyear returns
17.32%*
15.11%*
Since Inception
46%
54%
FY 2013
38%
30%
FY 2014
43%
20%
FY 2015
6%
16%
FY 2016
46%
19%
FY 2017FY 2018
JS Growth Fund
The main objective of JS Growth Fund (JS GF) is to enable the Unit Holders to participate in a diversi�ed portfolio of high quality equity securities listed on the stock exchanges and to maximize the investment return, by prudent investment management. Consistent with its Objective, the Scheme shall predominantly invest in high quality equity securities which have potential of higher expected growth rates.
Well diversi�ed, professionally managed and transparent investment avenue
No charges on redemption
Tax e�cient returns and Tax Credit (Under prevailing Tax Laws)
Low cost vis-à-vis individual stock investment
Fund Name JS Growth Fund (JS GF)Fund Type & Category Open End –Equity SchemeRisk Pro�le HighBenchmark KSE30 Index (Total Return Index) Minimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 2.00% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “MCB FSL Trustee JS Growth Fund”Management Qaulity Rating AM2 by JCR-VIS
Bene�ts of Investing
Product Summary
AM2 Rated by JCR-VIS
Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is net ofmanagement fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results.Please read the Offering Document to understand the investment policies and the risks involved.
The returns mentioned are on absolute return basis.* Average Annualized Return since inception as per Morning Star formula
Returns as at September 30th 2017
Fund
Benchmark
-10.37%
-9.98%
11.82%
1.34%
Trailing oneyear returns
10.82%*
5.77
Since Inception
57%
36%
FY 2013
40%
26%
FY 2014
12%
6%
FY 2015
4%
0%
FY 2016
38%
18%
FY 2017FY 2018
JS Large Cap. Fund
JS Large Capital Fund (JS LCF) is an open-end Equity Scheme that aims to bene�t from Capital Market to maximize the total investment return consisting of a combination of capital appreciation and dividend income. Consistent with its Investment Objective, the Fund shall invest primarily in equity securities of listed Large-Cap companies with market capitalization of over Rupees one billion. The remaining Funds shall be invested in Authorized Investments including cash and/or near cash instruments which include cash in bank accounts, and Government securities not exceeding ninety (90) days maturity.
Better expected returns through a diverse portfolio ofshares of listed companies of over PKR One BillionMainly bene�ts from capital appreciation anddividend income
No charges on redemption.
Tax e�cient returns and Tax Credit (Under prevailing Tax Laws)
Fund Name JS Large Capital Fund (JS LCF)Fund Type & Category Open End –Equity SchemeRisk Pro�le HighBenchmark KSE30 Index (Total Return Index) Minimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 2.00% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “CDC Trustee JS Large Cap. Fund”Management Qaulity Rating AM2 by JCR-VIS
Bene�ts of Investing
Product Summary
AM2 Rated by JCR-VIS
Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is net ofmanagement fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results.Please read the Offering Document to understand the investment policies and the risks involved.
The returns mentioned are on absolute return basis.* Average Annualized Return since inception as per Morning Star formula
Returns as at September 30th 2017
Fund
Benchmark
-9.96%
-9.98%
12.57%
1.34%
Trailing oneyear returns
16.34%*
8.86
Since Inception
55%
36%
FY 2013
40%
26%
FY 2014
32%
6%
FY 2015
5%
0%
FY 2016
44%
18%
FY 2017FY 2018
Unit Trust of Pakistan
Unit Trust of Pakistan (UTP) is a balanced fund that aims to preserve and grow investor’s capital in the long term while providing a regular stream of current income on an annual basis. The Fund operates a diverse portfolio of equity and �xed income investments whereby the equity component is meant to provide the growth in capital while dividends on the equity component along with the �xed income investments help generate the current income.
Balanced investment strategyPotential of consistent pro�table returns through e�cient mix of debt and equity investments
Tax e�cient returns and Tax Credit (Under prevailing Tax Laws)
Fund Name Unit Trust Pakistan (UTP)Fund Type & Category Open End –Balanced SchemeRisk Pro�le MediumBenchmark Rate of return of KSE-30 Index and six (6) month KIBOR, for any period of return,
on the basis of actual proportions of the portfolio. Minimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 2.00% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “CDC Trustee Unit Trust of Pakistan”Management Qaulity Rating AM2 by JCR-VIS
Bene�ts of Investing
Product Summary
AM2 Rated by JCR-VIS
Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is net ofmanagement fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results.Please read the Offering Document to understand the investment policies and the risks involved.
The returns mentioned are on absolute return basis.* Average Annualized Return since inception as per Morning Star formula
Returns as at September 30th 2017
Fund
Benchmark
-8.73%
-6.33%
4.55%
2.01%
Trailing oneyear returns
15.98%*
12.27%*
Since Inception
42%
23%
FY 2013
24%
18%
FY 2014
14%
8%
FY 2015
7%
4%
FY 2016
24%
12%
FY 2017FY 2018
JS Cash Fund
JS Cash Fund (JS CF) is an open-end ‘Money Market Scheme’ that mainly invests in low risk short-term �xed income instrumentsincluding money market instruments to provide a regular return to investors while maintaining high liquidity with minimum downside risk. JS CF also manages to seek preservation of capital, liquidity and competitive yields.
Same-day redemption facility available*Better expected returns vis-à-vis bank accountsLow volatility and high liquidity
Entitled to tax credit (rebate) under the prevailing tax lawsNo charges on redemption
Fund Name JS Cash Fund (JS CF)Fund Type & Category Open End –Money Market SchemeFund Rating AA+ (f )*Risk Pro�le Extremely LowBenchmark 70% three (3) months PKRV rates + 30% three (3) months average deposit rate of three (3)
“AA” rated scheduled Banks as selected by MUF AP Minimum Investment 1 unitFront end Load 1.00%Back end load NilManagement Fee 0.50% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “MCB FSL Trustee JS Cash Fund”Management Qaulity Rating AM2 by JCR-VIS*Rating by JCR-VIS
Bene�ts of Investing
Product Summary
AM2 Rated by JCR-VIS
Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is net ofmanagement fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results.Please read the Offering Document to understand the investment policies and the risks involved.
The returns mentioned are on annualized return basis.
Returns as at September 30th 2017
Fund
Benchmark
4.96%
5.21%
5.61%
5.38%
Trailing oneyear returns
11.60%
10.72%
Since Inception
9%
9%
FY 2013
8%
9%
FY 2014
9%
8%
FY 2015
6%
6%
FY 2016
6%
5%
FY 2017
*Subject to terms and conditions. However, Constitutive Documents also allowup to 06 working days
FY 2018
Required minimum contribution of PKR 110,000/-.Terms & conditions apply. For details please read clause 5.4 of o�ering Document (Page no. 20)1
20% of Taxable Income; Additional 2% for each year of age exceeding 40 years, subject to a max. Of 30% of the Total Taxable Income of the Preceding year3Lower of 20% of Taxable Income or PKR 1,500,000/-2
AnnualTaxableIncome
(PKR) MutualFunds
PensionFunds
Total TaxCredit (PKR)
Total TaxCredit (%)
Permissible InvestmentFor Tax Credit
Tax Credit
Tax SlabGross Tax
Liablity
2,100,0003,500,0005,000,000
21,000,000
2,100,0003,500,0005,000,000
21,000,000
Slab 5Slab 6Slab 7Slab 8
Slab 5Slab 6Slab 7Slab 8
264,500594,500
1,019,5006,569,500
264,500594,500
1,019,5006,569,500
MutualFunds2
420,000700,000
1,000,0001,500,000
420,000700,000
1,000,0001,500,000
PensionFunds3
420,000700,000
1,000,0004,200,000
630,0001,050,0001,500,0006,300,000
52,900118,900203,900469,250
52,900118,900203,900469,250
52,900118,900203,900
1,313,900
79,350178,350305,850
1,970,850
105,800237,800407,800
1,783,150
132,250297,250509,750
2,440,100
40404027
50505037
J = (I/Bx100)I = ( E + F )F = (DxB/A)E = (CxB/A)(D)(C)(B)(A)
Age 45 Years & Above
Age 40 Years
For Non Salaried Individual
JS Pension Savings FundFund Objective To provide a reliable source of savings and retirement income.Eligibility Any individual holding valid CNIC / NTN / NICOPRetirement age The retirement age for the participants shall be any between sixty and seventy years or
twenty - �ve years since the age of �rst contribution to a pension funds, whichever is earlier.Investment Policy Under the prescribed guidelines of the SECP. Di�erent Asset Allocations available to suit the
Clients retirement goals.Types of Allocation Schemes
Re-Allocation Policy Atleast once a year, reallocation between sub fund shall be carried out by the Pension Fund Manager to bring in line with the allocation scheme selection.
Front-end Fee 3% on all ContributionsManagement Fee 1.5% p.a. on average net assets of each Sub - FundTax Credit Up to 20% of taxable income till age of forty (40) years. or above
Additional 2% p.a. for each year exceeding the age of forty years.Up to a maximum of 30% of the taxable income of the preceding year.
Withdrawal At retirement (including permissible disability), withdraw● 50% lump sum in cash free of any tax● Remaining 50% balance may be utilized to:Purchase an Approved Annuity Plan from a Life Insurance / Takaful Company ORTransfer into an approved income payment plan o�ered by the JSIL
Early Withdrawal Prior to minimum retirement age; subject to applicable tax and zakat
Transfer Transfer part or whole amount to another Pension Fund of your choice
Free Insurance Cover Free accidental death and disability insurance of up to PKR 4 Million
Trustee Central Depository Company of Pakistan Ltd.
Dealing Days & Cut o� time Monday to Friday (3.00pm)
1
High Volatility 20-35 65-80 nil
40-55 35-50 10-25
60-75 10-25 15-30
40-60 nil 40-60
0-100 0-100 0-100
Medium Volatility
Low Volatility
Lower Volatility
Customized Asset Allocation*
You may change your selected Allocation Scheme on an annual basis as per details provided in the O�ering Document.*Customized Asset Allocation Scheme shall have the choice of investing up to 100 percent (i.e. between 0 – 100%) in any Sub-Fund(s).
Allocation Scheme(Select only one)
Sub-Fund Allocation(Specify % in increments of �ve)
Debt Equity Money Market
00
0 0
Total(Ensure total is 100%)
1 0 0
1 0 0
1 0 0
1 0 0
1 0 0
JS Islamic Pension Savings FundFund Name JS Islamic Pension Savings Fund.Fund Objective To provide a reliable Shariah Compliant source of savings and retirement income.Investment Objective Ensure optimum return and reasonable safety of capital by investing in Shariah Compliant
securities and instruments approved by the Shariah Advisory Council.
Eligibility Any individual holding valid CNIC / NTN / NICOPRetirement age The retirement age for the participants shall be any between sixty and seventy years or
twenty - �ve years since the age of �rst contribution to a pension funds, whichever is earlier.Investment Policy Under the prescribed guidelines of the SECP. Di�erent Asset Allocations available to suit the
Clients retirement goals.
Types of Allocation Schemes
Re-Allocation Policy At least once a year, reallocation between sub fund shall be carried out by the Pension Fund Manager to bring in line with the allocation scheme selection.
Front-end Fee 3% on all Contributions.Management Fee 1.5% p.a. on average net assets of each Sub-Fund.Tax Credit Up to 20% of taxable income till age of forty (40) years. or above
Additional 2% p.a. for each year exceeding the age of forty years.Up to a maximum of 30% of the taxable income of the preceding year.
Withdrawal At retirement (including permissible disability), withdraw:● 50% lump sum in cash free of any tax● Remaining 50% balance may be utilized to:Purchase an Approved Annuity Plan from a Life Insurance / Takaful Company ORTransfer into an approved income payment plan o�ered by the JSIL
Early Withdrawal Prior to minimum retirement age; subject to applicable Tax and Zakat.Transfer Transfer part or whole amount to another Pension Fund Manager of your choiceTrustee Central Depository Company of Pakistan Ltd.Dealing Days & Cut o� time Monday to Friday (3.00pm)Shariah Advisors Al- Hilal Shariah Advisory Board.
For Non Salaried Individual
AnnualTaxableIncome
(PKR) MutualFunds
PensionFunds
Total TaxCredit (PKR)
Total TaxCredit (%)
Permissible InvestmentFor Tax Credit
Tax Credit
Tax SlabGross Tax
Liablity
2,100,0003,500,0005,000,000
21,000,000
2,100,0003,500,0005,000,000
21,000,000
Slab 5Slab 6Slab 7Slab 8
Slab 5Slab 6Slab 7Slab 8
264,500594,500
1,019,5006,569,500
264,500594,500
1,019,5006,569,500
MutualFunds1
420,000700,000
1,000,0001,500,000
420,000700,000
1,000,0001,500,000
PensionFunds2
420,000700,000
1,000,0004,200,000
630,0001,050,0001,500,0006,300,000
52,900118,900203,900469,250
52,900118,900203,900469,250
52,900118,900203,900
1,313,900
79,350178,350305,850
1,970,850
105,800237,800407,800
1,783,150
132,250297,250509,750
2,440,100
40404027
50505037
J = (I/Bx100)I = ( E + F )F = (DxB/A)E = (CxB/A)(D)(C)(B)(A)
Lower of 20% of Taxable Income or PKR 1,500,000/-1
20% of Taxable Income; Additional 2% for each year of age exceeding 40 years, subject to a max. Of 30% of the Total Taxable Income of the Preceding year2
Age 45 Years & Above
Age 40 Years
High Volatility 20-35 65-80 nil
40-55 35-50 10-25
60-75 10-25 15-30
40-60 nil 40-60
0-100 0-100 0-100
Medium Volatility
Low Volatility
Lower Volatility
Customized Asset Allocation*
You may change your selected Allocation Scheme on an annual basis as per details provided in the O�ering Document.*Customized Asset Allocation Scheme shall have the choice of investing up to 100 percent (i.e. between 0 – 100%) in any Sub-Fund(s).
Allocation Scheme(Select only one)
Sub-Fund Allocation(Specify % in increments of �ve)
Debt Equity Money Market
00
0 0
Total(Ensure total is 100%)
1 0 0
1 0 0
1 0 0
1 0 0
1 0 0
JS Islamic Pension Savings FundFund Name JS Islamic Pension Savings FundFund Objective To provide a reliable Shariah Compliant source of savings and retirement income.Investment Objective Ensure optimum return and reasonable safety of capital by investing in securities and
instruments approved by the Shariah Advisory Council.Eligibility Any individual holding valid CNIC or NTN / PassportRetirement age Any age of above 60 years (Client’s choice)Investment Policy Under the prescribed guidelines of the SECP. Di�erent Asset Allocations available to suit the
Clients retirement goalsTypes of Allocation Schemes
Re-Allocation Policy Atleast once a year, reallocation between sub fund shall be carried out by the Pension Fund Manager to bring in line with the allocation scheme selection.
Front-end Fee 3% on all Contributions.Management Fee 1.5% p.a. on average net assets of each Sub-Fund.Tax Credit Up to 20% of taxable income till age of above 40 years.Additional 2% p.a. for each year exceeding the age of forty years.
Up to a maximum of 30% of the taxable income of the preceding year.Withdrawal At retirement (including permissible disability), withdraw:
● 50% lump sum in cash free of any tax● Remaining 50% balance may be utilized to:Purchase an Approved Annuity Plan from a Life Insurance / Takaful Company ORTransfer into an approved income payment plan o�ered by the JSIL.
Early Withdrawal Prior to minimum retirement age; subject to applicable Tax and ZakatTransfer Transfer part or whole amount to another Pension Fund Manager of your choiceTrustee Central Depository Company of Pakistan Ltd.Dealing Days & Cut o� time Monday to Friday (3.00pm)Shariah Advisors Al- Hilal Shariah Advisory Board.
For Salaried Individual
MutualFunds
PensionFunds
Total TaxCredit (PKR)
Total TaxCredit (%)
Permissible InvestmentFor Tax Credit
Tax Credit
MutualFunds1
PensionFunds2
J = (I/Bx100)I = ( E + F )F = (DxB/A)E = (CxB/A)(D)(C)(B)(A)
Lower of 20% of Taxable Income or PKR 1,500,000/-1
20% of Taxable Income; Additional 2% for each year of age exceeding 40 years, subject to a max. Of 30% of the Total Taxable Income of the Preceding year2
Age 45 Years & Above
Age 40 Years2,100,0002,900,0005,150,000
21,000,000
2,100,0002,900,0005,150,000
21,000,000
Slab 7Slab 8
Slab 11Slab 12
Slab 7Slab 8
Slab 11Slab 12
189,500339,500913,250
5,622,000
189,500339,500913,250
5,622,000
420,000580,000
1,030,0001,500,000
420,000580,000
1,030,0001,500,000
420,000580,000
1,030,0004,200,000
630,000870,000
1,545,0006,300,000
37,90067,900
182,650401,571
37,90067,900
182,650401,571
37,90067,900
182,6501,124,400
56,850101,850273,975
1,686,600
75,800135,800365,300
1,525,971
94,750169,750456,625
2,088,171
40404027
50505037
AnnualTaxableIncome
(PKR)Tax Slab
Gross TaxLiablity
High Volatility 20-35 65-80 nil
40-55 35-50 10-25
60-75 10-25 15-30
40-60 nil 40-60
0-100 0-100 0-100
Medium Volatility
Low Volatility
Lower Volatility
Customized Asset Allocation*
You may change your selected Allocation Scheme on an annual basis as per details provided in the O�ering Document.*Customized Asset Allocation Scheme shall have the choice of investing up to 100 percent (i.e. between 0 – 100%) in any Sub-Fund(s).
Allocation Scheme(Select only one)
Sub-Fund Allocation(Specify % in increments of �ve)
Debt Equity Money Market
00
0 0
Total(Ensure total is 100%)
1 0 0
1 0 0
1 0 0
1 0 0
1 0 0