About our Products and Services
What products are offered by KFL?
The company is licensed by the SECP to manage open and close-end funds. Currently, it is managing six open-end funds, KASB Income Opportunity Fund (Formerly: KASB Liquid Fund), KASB Stock Market Fund, KASB Asset Allocation Fund (Formerly: KASB Balanced Fund), KASB Islamic Income Opportunity Fund (Formerly: KASB Islamic Income Fund), KASB Cash Fund and KASB Capital Protected Gold Fund.
KFL is constantly working on introducing new products and services to suit investor’s needs.
Will I receive a guaranteed return on my investments in KASB Funds Limited?
Unless specified otherwise, the rate of return on mutual funds is not fixed or guaranteed. KASB Funds Limited will invest in lucrative opportunities that coincide with the objectives of the fund whilst making a profit for the unit holders.
How often will I receive account statements?
Account statements will be dispatched to unit holders on every transaction/ movement that takes place in their accounts. Besides the above, account statements can be dispatched on a more frequent basis upon request by the unit-holder and upon payment of a minimum fee.
Can I opt to receive my account statement via e-mail?
Through KASB Funds E-Statement service, unit holders can receive their Account Statements on their designated email address upon every transaction in their account and as per the frequency of their convenience.
Can I check my account statement online via internet?
You can view your updated account balance by logging into your online account through our website (www.kasbfunds.com), using the Username and Password provided to you at the time of account opening. If you do not remember your login details, kindly contact the Investor Relations Department for assistance.
Whom do I contact if I have a query, request, complaint or if I want to submit my feedback?
If you want to get in touch with us, please do not hesitate to contact the Investor Relations Department at UAN No. 021-111-535-535 Ext. 600, 624 or 687 or send us an email at firstname.lastname@example.org
Do you accept cash as modes of payment?
Cash against purchase of units is NOT accepted as a mode of payment. Payments can be made either via cheque, demand draft, pay order, telegraphic transfer, direct deposits or any other accepted modes of payment as specified by the Management from time to time. All banking instruments should be made out to;
||CDC – Trustee KASB Income Opportunity Fund
||CDC – Trustee KASB Stock Market Fund
||CDC – Trustee KASB Asset Allocation Fund
||CDC – Trustee KASB Islamic Income Opportunity Fund
||MCFSL – Trustee KASB Cash Fund
||CDC – Trustee KASB Capital Protected Gold Fund
How will I receive proceeds on redemption of units?
The payment for encashment of units will be made directly to the unit holder within a period of six working days, either via cheque/ payorder or via credit to the unit-holder's account (in case an account is held with KASB Bank Limited).
How can I use my units to arrange for financing?
Mutual fund units are pledgeable securities and borrowing can be acquired through financial institutions including commercial banks. Once the unit holder (pledger) and the financer (pledgee) have completed KFL – Form 06 and submitted the same to the Registrar, the said units will be marked under pledge to the financer.
Will I get any Tax benefit for investing in Mutual Funds?
Investment in Mutual Fund enables you to get tax rebate of upto Rs. 60,000/- in case of salaried person or upto Rs 75,000/- in case of non salaried person on investments upto Rs. 300,000/- under the current applicable tax laws, if investment is held for a period of one year.
Is Zakat deducted at source?
Zakat will be deducted at source unless otherwise specified, in which case a Zakat Declaration form CZ -50 would be required.
Do I need to have an account with KASB Bank to make investments in funds managed by KASB Funds Limited (KFL)?
No, it is not necessary for investors to open accounts with KASB Bank Limited if they wish to invest in funds managed by KFL. However, an account with KASB Bank will expedite and facilitate the investment, redemption and dividend distribution process.