Allied Bank Mutual Fund ABL-ISF: A Great Profit Investment

ABL-ISF is an Allied Bank Islamic Stock Mutual Fund, which follows the KMI-30. KMI-30 is an Islamic index on the Pakistan Stock Exchange. This is the mutual fund created by Allied Bank Limited. If you don’t know about mutual funds, please see my post on Mutual Fund. Mutual funds can only be applied for by banks in Pakistan. and this fund is from Allied Bank Limited. In this post, we will discuss in detail the performance of this fund.

Investment Objective

Every Mutual Fund has its own objective that proceeds to make policies to achieve its objective. ABL-ISF objective is to provide capital appreciation to investors through higher, long term risk adjusted returns by investing in a diversified shariah compliant portfolio of equity instruments offering capital gains and dividends.


Below chart shows the profitalblity in last year

Allied Bank Mutual Fund ABL-ISF Returns 2022
Allied Bank Mutual Fund ABL-ISF Returns 2022
Allied Bank Mutual Fund ABL-ISF Performance 2022
Allied Bank Mutual Fund ABL-ISF Performance 2022

Basic Fund Information

Fund TypeOpen End
CategoreyShariah Compliant Equity Scheme
Launch DateJune 12, 2013
Net AssetPKR 2,146 Mn at Sep 30, 2022
NAV13.3057 as of 30 Sep 22
Dealing DaysAs per PSX
Cutt off Time4:00 PM
Pricing MechanismForward
Management Fee2% pa
LoadUpto 2% (Front End)
TrusteeDigital Custodian Company
AuditorA.F. Ferguson & Co. Chartered Accountants
Asset Manager RatingAM2++
Risk ProfileHigh
Fund ManagerAmjad Hussain
ListingPakistan Stock Exchange
Total Expense RatioYTD (4.77%) MTD (4.88%)

This Mutual fund follows KMI very closely and currently have grown 68% in last 8 years.

You can find complete report on this fund on

How to Apply for ABL-ISF

In order to apply in ABL-ISF, You need to have the Bank account of Allied Bank Limited. then you can visit the branh or download the Offering Documents here. Account form is availble at last page of offering Documents. You need following Documents in order to open the account

    • Copy of CNIC
    • Know Your Customer (KYC) Form
    • Copy of Zakat Affidavit (Only in case if “No” is selected in Zakat Deduction column)
    • Tax Exemption Certificate (Only in case if “Yes” is selected in Tax Exemption Column)
    • For Joint account holders of CNIC/Passport No. (for foreigners only)
    • Copy of CNIC of Nominee (Optional)
    • Copy of Incorporation/Registration Certificate
    • Copy of Certificate for Commencement of Business
    • Copy of Memorandum & Articles of Association / Trust Deed / Partnership Deed (as applicable)
    • List of Authorized Signatory(ies) with specimen signatures
    • Board Resolution (in case of Private/Public Limited Co.)
    • Photocopies of CNIC of Directors/Trustees/Partners/Proprietors
    • Any other Instructions (attached)

Principal account holder must sign in the space provided in form. The officer will not accept the form without the signature of the principal account holder.In case an investor cannot sign the form, he/she will have to visit our office/designated bank branch personally and submit one (1) recent passport size photograph which will have to be attested/verified by the Branch Manager/Customer Services Manager of the office/designated bank branch along with verification of thumb impression on the Account Opening Form. Every time the photo Account Holder wants to redeem his/her Investment, he/she will have to come personally to the office/designated bank branch and the redemption form will only be accepted when the thumb impression has been attested/verified by the office/ designated bank branch Manager/Customer Service Manager.

After completing the form the personal must visit the branch to open and activate his account.

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