About the Fund Manager

Who is KASB Funds Limited?

KASB Funds Limited (KFL) was incorporated on January 24, 2005. The company is licensed by SECP to carry out Asset Management and Investment Advisory Services.

KASB Funds' institutional sponsors are KASB Group and BlackRock Merrill Lynch Investment Managers (BlackRock) KASB has been as trusted name in the financial industry for over five decades and its umbrella of financial services includes a brokerage house, a commercial bank and asset management company.

KASB Funds' institutional sponsors are KASB Group and BlackRock Merrill Lynch Investment Managers (BlackRock). BlackRock is a premier provider of global investment management, risk management and advisory services to institutional and retail clients around the world. As of December 31, 2006, BlackRock's pro forma assets under management totalled over $1.1 trillion across fixed income, liquidity, equity, alternative investment and real estate strategies

How does KASB Funds Limited charge for its services?

Asset Management companies charge an annual management fee payable by the fund. The fee charged is as per the Non-Banking Finance Companies Rules, 2003.

About our Products and Services

What products are offered by KFL?

The company is licensed to manage open and closed-end funds. Currently, it has two open-end funds, KASB Liquid Fund and KASB Stock Market Fund.

KFL is in process of launching additional funds to be able to provide investor with a platter of products to suit their investment 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.

Customer Services

How often will I receive account statements?

Account statements will be dispatched to unitholders 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.

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 Funds” and crossed “Account Payee Only”.

Do you accept out-station cheques against investments?

Out-station cheques are accepted as modes of payment. These cheques should be deposited with the branch of the distribution agent in the city in which the cheque was issued.

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 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 a number of institutions and leading 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.

Is Zakat deducted at source?

Zakat will be deducted at source unless otherwise specified, in which case a Non-Deduction of Zakat Certificate 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.

Distributors

Where can I go to make an investment in KASB Funds’ products?

KASB Funds has appointed KASB Bank as Distributor for its mutual funds. Investors can go to any branch of KASB Bank and get further information or make an investment.
Which branch of KASB Bank Limited is closest to me?
To find a branch closest to you, visit our website for authorised branches of KASB Bank.