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Meezan Paidaar Munafa Plan 37

47 /100

Total AUM

Rs. 10M

Expense Ratio

0.15%

Category Rank

#36 of 66

AI Analyst Thesis
🐂 Bullish

Live NAV

Rs. 50.0000
0.00% 1D 0.00% YTD
Data As Of:
July 01, 2026

Interactive Performance

Rs.

Executive Summary

Institutional health checks and AI strategy overview.

Overall Score

47 / 100

Fund DNA X-Ray

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Health Checks

  • Clean Portfolio: Zero non-compliant or provisioned assets detected.

  • Underperforming: 1Y Return (0.00%) trails the category median (0.23%).

  • Volatile Path: Only 0 out of 36 months (0%) were positive over the last 3 years.

  • Cost Effective: Expense ratio (0.15%) is below the category median (0.15%).

AI Strategy X-Ray

Meezan Paidaar Munafa Plan-34 delivered a strong absolute return of 14.24% in July 2026, outperforming its PKISRV benchmark by nearly 4 percentage points. This outperformance occurred amid a volatile equity market driven by geopolitical tensions and fluctuating oil prices, while money market placements benefited from stable short‑term rates and ample liquidity. The fund’s conservative TDR‑heavy portfolio shielded it from equity‑market swings, allowing steady accrual of returns. Continued foreign portfolio inflows and SBP reserve‑building further supported a benign funding environment for short‑term Islamic instruments.

Key Manager Actions

  • During July, the fund retained its 100% allocation to cash and TDRs, indicating no material shift from the prior month’s defensive stance. This consistency underscores the manager’s confidence in the prevailing short‑term yield environment amid macro uncertainty.
  • The fund’s annualized return of 14.24% substantially exceeded the benchmark’s 10.31%, driven by attractive TDR rates that outperformed the PKISRV curve. The spread highlights the manager’s ability to source higher‑yielding Islamic deposits while maintaining Shariah compliance.
  • Looking ahead, continued SBP dollar‑buying and potential easing of geopolitical tensions could keep short‑term rates stable, supporting steady returns. However, any sudden spike in inflation or policy rate hikes would test the fund’s ability to maintain its yield advantage.

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Trailing Returns vs Benchmark

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Manager's Playbook (1M Delta)

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