💰 Tax Credit
Save up to 20% of your tax liability by investing to the full limit. Investment amount is restricted to 20% of taxable income per year.
🏦 Investment Strategy
Kifayah Strategy of Pension Funds (SoPF)
A simple way to invest in Pension Funds. Any Pakistani can open an Individual Pension Account (IPA) with an AMC of their choice and we will facilitate the investment process.
About Strategy of Pension Funds
Pension Funds are managed by renowned Asset Management Companies (AMCs). With Kifayah Strategy of Pension Funds (SoPF), we actively manage your plans between Shariah-compliant money market and equity sub-funds based on our research, timings, and current situation of the economy to provide the best optimised return.
Kifayah provides a simple way to invest in Pension Funds. Any Pakistani can open an Individual Pension Account (IPA) with an AMC of their choice and we facilitate the investment process.
Kifayah Investment Management is an authorised distributor for Pension Funds under the management of Al Meezan Investment Management.
Key Benefits
Why invest in Pension Funds?
📈 Tax-Free Gains
The Fund is not charged with any taxes throughout the investment tenure — tax-free gains accumulate in your IPA over the period.
🔄 Flexible Contributions
Invest monthly, annually, or at any other frequency. Multiple sources: self, employer provident fund transfer, or employer scheme.
🛡 Free Takaful
AMCs offer free Takaful coverage to pension fund investors, providing an additional layer of protection.
🔁 Change Fund Manager
If performance is not satisfactory, you may change Fund Manager without redeeming your investment.
🎯 Retirement Benefits
Retire between 60-70 years. Up to 50% tax-free withdrawal on retirement. Pension payments (principal + profits) are exempt from tax.
Fund Details
Meezan Tahaffuz Pension Fund
| Fund Manager | Al Meezan Investment Management Limited |
| Fund Name | Meezan Tahaffuz Pension Fund |
| Scheme Type | Open-end Islamic Voluntary Pension Scheme |
| Date of Inception | 28 Jun 2007 |
| Fund Size (Jun 2019) | Rs. 9,008 Million |
| Objective | To provide participants a regular Halal income at the time of retirement |
| Minimum Investment | Rs. 1,000 |
| Management Fee | 1.50% |
| Entry Load | 3% |
| Exit Load | Nil |
Allocation Schemes
1. High Volatility
2. Medium Volatility
3. Low Volatility
4. Lower Volatility
5. Life Cycle Plan
6. Customised Allocation
Performance
Fund Performance Highlights
| Fund Manager | Fund Name | Equity Sub Fund* | Debt Sub Fund** | Money Market Sub Fund** |
|---|---|---|---|---|
| Al Meezan Investment Management Limited | Meezan Tahaffuz Pension Fund | 17.26% | 9.97% | 9.95% |
*10 year CAGR (FY10-FY19) **3-month returns
Investor Advantages
Invest at no cost to you.
Investments in Pension Fund through our platform gives the following advantages at no cost to our investors:
- Unbiased advice
- Tax Credit
- Choice of multiple funds
- Access to our research
- Free for investors (our service fee is paid by respective fund manager)
Fees
Fee Structure
| Strategy | Fee |
|---|---|
| Kifayah Strategy of Pension Funds (SoPF) | 1% of portfolio on achievement of 15% gross profit target; or 10% of profits; or Rs. 42,000 per annum or 1% of portfolio per annum, whichever is higher |
| Minimum Investment | Rs. 3 million |