MONTHLY UPDATE – NOVEMBER AND DECEMBER 2009
Dear Investor,
GET READY TO STRIKE GOLD!
This month, your Asset Management Company; KASB FUNDS has taken yet another milestone; Pakistan’s First Mutual Fund that invests in one of the world’s favorite investment asset class, GOLD!
Introducing to you KASB CAPITAL PROTECTED GOLD FUND (KCPGF), our fund’s slogan being, “Sonay Pay Sohaga”, because while it aims to keep your Capital Protected it also gives you exposure to investing in Gold.
How the Fund Works:
KASB Capital Protected Gold Fund (KCPGF) aims to protect investor’s capital by investing 81% of initial fund size in term deposits with Scheduled Commercial Banks or Development Finance Institutions with a minimum long term credit rating ‘AA-‘, that offer the best average term deposit rate for the appropriate tenor.
The Fund will place maximum of 19% of the total initial fund size in Gold Contracts listed at the National Commodity Exchange Limited, providing advantage of the growth in the value of Gold as an asset class in Rupee terms.
| This Product is structured for maximum benefit to you |
| Minimum holding period | 2 years |
| Front end load | 3% |
| Back end load | 5% in case of redemption within holding period |
| Minimum Investment | PKR 10,000/- |
| Listing | Will apply for listing on the Karachi Stock Exchange |
| Tax Credit | Under current Government Regulations on investment of upto PKR 300,000 |
How to invest in KCPGF?
For any further details regarding KCPGF, call your friendly investment advisor at 021-111-535-535 or visit any KASB or Standard Chartered Bank branch near you.
You can also access these details by logging onto our website www.kasbfunds.com or please email us at goldfund@kasb.com
Our team at KASB FUND’s endeavors to fulfill its commitment to serve you better with each day passing and looks forward to your continued support.
Regards,
Marketing Team