KASB Liquid Fund
Idle cash is an opportunity lost. KASB Liquid Fund (KLF) seeks to target institutional and retail investors with surplus liquidity and/or interim cash. It is therefore a low risk, cash management alternative to bank deposits which is expected to offer higher and tax efficient returns to the investors over a period of time. KASB Liquid Fund is an open-ended fund allowing investors further investments and full or partial redemption at any point in time.
Investment Objective
The Fund seeks to maximise current income, consistent with low levels of risk and high liquidity.
Summarised Term Sheet
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Date of Inception
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May 9, 2006
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Type
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Open-ended income fund
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Minimum Initial Investment
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Growth Units, PKR 10,000/-
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Payout Units, PKR 100,000/-
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Front-end load
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NIL
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Back-end load
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NIL (if investment is redeemed after 15 days)
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No minimum holding period
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Any time redemption as and when requested by investor
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Tax Credit
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Under current Government Regulations on investment of upto PKR 300,000/-
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Listing
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Karachi Stock Exchange
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