Faysal Asset Management Announces Interim Payouts for Various Funds

Karachi: The Chief Executive Officer of Faysal Asset Management Limited, authorized by the Board, has approved an interim payout for multiple funds and plans for the fiscal year ending June 30, 2024. Eligible unitholders listed on the respective fund registers as of June 28, 2024, will receive payouts. According to information available from the Pakistan Stock Exchange (PSX), the distributions vary significantly across different schemes, reflecting a diverse approach to asset allocation and Shariah-compliant investing.

The announced payouts per unit and the corresponding percentages of the par value, set at Rs. 100 per unit, are detailed as follows. The Faysal Asset Allocation Fund will distribute Rs. 41.55 per unit, constituting 41.55% of the par value. Similarly, the Faysal Islamic Asset Allocation Fund has declared a payout of Rs. 19.55 per unit, also reflecting 19.55% of the par value. The Faysal Islamic Stock Fund will see a higher distribution rate of Rs. 65.76 per unit, making up 65.76% of the par value.

Further payouts include Rs. 1.97 per unit for the Faysal Islamic Special Income Plan-I and Rs. 2.69 per unit for the Faysal Islamic Mustakil Munafa Fund, known as Faysal Islamic Mehdood Muddat Plan-I. Both payouts reflect a payout rate of 1.97% and 2.69% of the par value, respectively. Lastly, the Faysal Islamic Financial Planning Fund-II, also referred to as the Faysal Sharia Capital Preservation Plan X, has announced a payout of Rs. 21.77 per unit, which is 21.77% of the par value.

These payouts aim to reward unitholders for their investment in these funds, reflecting the management’s strategy to distribute gains accrued during the fiscal year. Unit holders are advised to update their records to receive the payouts duly.