KASB Balanced fund
KASB Balanced Fund (KBF) is an open-ended balanced fund having 30%-40% portfolio in equity and equity related securities while the remaining portion invested in fixed income instruments.
KBF is an ideal opportunity for conservative investors looking for a stable income while having the ability to take advantage of the growth in capital markets. The fund can help you beat inflation through its partial exposure to the stock market while reducing volatility through its larger and more stable fixed income base.
Investment Objective
KBF seeks to generate regular income together with long term capital appreciation by investing in income bearing securities as well as equities.
Summarised Term Sheet
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Date of Inception
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December 31, 2007
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Type
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Open-ended balanced 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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Benchmark
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65% 1 month KIBOR + 35% KSE 30 Index
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Front-end load
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2.00%
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Back-end load
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NIL
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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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