KASB Funds started the New Year with the successful launch of its third fund, KASB Balanced Fund. The fund raised over a PKR 1 billion in its first week raising the assets under management to approximately PKR 11 billion for the company.
KASB Balanced is an open-ended hybrid fund seeking to generate regular income together with long term appreciation by investing in income bearing securities as well as equities. The Fund is ideal for investors looking for stability of income with an element of growth through the stock exchange.
The fund is available at all branches of KASB Bank. For further information please call 0800-KASB 1.
| Minimum Initial Investment |
Growth Units, PKR 10,000/-
|
Payout Units, PKR 100,000/-
|
| Front-end load |
2%
|
| No minimum holding period |
Any time redemption as and when requested by investor
|
| Tax Credit |
Under current Government Regulations on investment of upto PKR 300,000/- |
| Distributors |
All branches of KASB Bank |
| Listing |
Applied for Listing in Karachi Stock Exchange |