ABL Asset Management Company Limited

International Investors

International Investors



International Investors

We invite you to invest in Pakistani Markets through ABL Asset Management Company Limited (ABL Funds). You can simply read through the information given below to find out the steps you need to take to open an account with ABL Funds.

We request you to go through the following details to help you understand the process and open an account.

Investing Guidelines

Investment in units can be made anytime during dealing days subject to the cut-off timings of respective Constitutive Offering Documents of the Fund(s). Payment can be made by the following two methods:

  • Investors can open their own Special Convertible Rupee Account (SCRA) with any Bank in Pakistan and transfer money from SCRA account to respective Mutual Fund(s) (Collective Investment Scheme) and Voluntary Pension Fund(s).
  • Payment can also be made in the form of foreign Remittance directly in the collection Account of respective Mutual Fund(s) (Collective Investment Scheme) and Voluntary Pension Fund(s).

Investment through SCRA

State Bank of Pakistan allows Banks to open SCRAs for foreign national/institutions and Non-resident Pakistanis to facilitate investment from foreign countries into securities in Pakistan. Foreign Currency may be remitted anytime in these accounts and can also be repatriated as and when required. The Bank converts FCY at the time of inward remittance and repatriation.

Investment by Persons/Institutions Not Maintaining SCRAs:

Investors who do not wish to open SCRA or ordinary bank account with any Bank in Pakistan may also invest by directly investing into the fund Account’s through foreign remittance as under.

 
Funds Bank Account Nos. IBAN
CDC Trustee - ABL Income Fund Allied Bank Limited 0010000598810292 PK43 ABPA 0010 0005 9881 0292
CDC Trustee - ABL Stock Fund Allied Bank Limited 0010000598810313 PK58 ABPA 0010 0005 9881 0313
CDC Trustee - ABL Cash Fund Allied Bank Limited 0010000598810286 PK11 ABPA 0010 0005 9881 0286
CDC Trustee ABL Islamic cash Fund Allied Bank Limited 0020000598810779 PK69 ABPA 0020 0005 9881 0779
CDC Trustee - ABL Islamic Income Fund Allied Bank Limited 0010000598810060 PK02 ABPA 0010 0005 9881 0060
CDC Trustee - ABL Government Securities Fund Allied Bank Limited 0010000598810473 PK06 ABPA 0010 0005 9881 0473
MCBFSL Trustee - ABL Islamic Stock Fund Allied Bank Limited 0010001297070105 PK55 ABPA 0010 0012 9707 0105
MCBFSL Trustee - ABL Islamic Asset Allocation Fund Allied Bank Limited 0020001297070656 PK02 ABPA 0020 0012 9707 0656
CDC Trustee - Allied Finergy Fund Allied Bank Limited 0010000598812668 PK08 ABPA 0010 0005 9881 2668
CDC Trustee - ABL Pension Fund Allied Bank Limited 0010000598811165 PK43 ABPA 0010 0005 9881 1165
CDC Trustee - ABL Islamic Pension Fund Allied Bank Limited 0020000598810473 PK86 ABPA 0020 0005 9881 0473
MCBFSL Trustee - ABL Islamic Financial Planning Fund-Conservative Allocation Plan Allied Bank Limited 0020001297070242 PK25 ABPA 0020 0012 9707 0242
MCBFSL Trustee - ABL Islamic Financial Planning Fund-Aggressive Allocation Plan Allied Bank Limited 0020001297070207 PK97 ABPA 0020 0012 9707 0207
MCBFSL Trustee - ABL Islamic Financial Planning Fund-Active Allocation Plan Allied Bank Limited 0020001297070220 PK37 ABPA 0020 0012 9707 0220
MCBFSL Trustee - ABL Islamic Financial Planning Fund-Islamic Capital Preservation Plan 1 Allied Bank Limited 0020001297070735 PK03 ABPA 0020 0012 9707 0735
MCBFSL Trustee - ABL Financial Planning Fund-Active Allocation Plan Allied Bank Limited 0010001297070309 PK76 ABPA 0010 0012 9707 0309
MCBFSL Trustee - ABL Financial Planning Fund-Conservative Allocation Plan Allied Bank Limited 0010001297070344 PK04 ABPA 0010 0012 9707 0344

Instructions

 
  • Fill the a/c opening form in block letters and in legible handwriting to avoid errors in application processing. If any alteration is made, a countersign is mandatory against each alteration.
  • Please tick in the appropriate box wherever applicable, in case any field is not relevant, please mark ‘N/A’ (Not Applicable)
  • It is the responsibility of the applicant to carefully read and understand the guidelines and instructions provided in this form.
  • Applications incomplete in any respect and/or not accompanied by required documents are liable to be held or rejected until complete requirements are fulfilled.
  • Payments shall be made in favor of ‘CDC Trustee - ’ or ‘MCBFSL Trustee - ’ as mentioned in Constitutive Offering Documents of the Fund(s).
  • It should be the responsibility of the applicant to pay all charges and taxes in relation to the units purchased by him/her/institution.
  • Applications by foreign nationals shall be accepted subject to existing local laws and KYC compliance, provided the subscription amount is paid by means of a remittance through banking channels or through means permitted by the State Bank of Pakistan (SBP).
  • Front-end load (charges) / back end load will be applicable on investment / redemptions as per Constitutive Offering Documents of the Fund(s).
  • Exchange Rate Risk will be borne by the Investor.
 

Documentation

 

First Time Investment

For first time, investment application and other requisite documents (listed below) can be sent in scanned format via email at contactus@ablamc.com and later, after confirmation, original set of documents to be sent for Account activation.

 
For individuals / Sole Proprietorships
  • Account Opening Form (duly filled)
  • Investment application form
  • Copy of CNIC/NICOP/POC/Passport
  • Business / Employment Proof (Employment Card with Designation/ Visiting Card/ Declaration by Employer of his/her employment)
  • Any other Document as proof of his/her source of funds
  • Zakat Affidavit
  • W-9 Form / W-8 Form (where applicable, in case of individual)
  • Copy of Swift / transfer slip
  • W-9 Form / W-8 Form ((where applicable, in case of joint account holder)
  • CRS Form (individual / joint account holder)
  • Copy of Fund Transfer Slip or Demand Draft or FTT or SWIFT message
 
For Companies/Trust/Statutory/Corporate Bodies (for first time investors or in case of any amendments in these documents)
  • Account Opening Form (duly filled)
  • Investment application form
  • CTC of Memorandum & Articles of Association/Bye Laws/Trust Deed.
  • CTC List of Director / Trustee / Partner (with CNIC/NICOP/Passport copy).
  • CTC of CNIC/NICOP/Passport (s) of the authorized signatory officer(s).
  • CTC of Board Resolution authorizing officers to operate investment account.
  • Investment Remittance advice.
  • CTC of W-9 Form (if US based entity) or W-8 BENE (other than US based entity).
  • Appropriate Tax Residency self-certification Form (CRS form)
  • CTC of List of authorized signatories with specimen signature.
  • CTC of Passport/CNIC or NICOP (in case of non-resident or resident Pakistanis) of Authorized Signatory(ies).
  • CTC of Latest Audited annual financial statements.
  • Valid tax exemption certificate issued by Federal Board of Revenue, Pakistan (if any)

Note: All of the above documents must be valid on date of submission of this form.

 

Subsequent Investment

For every subsequent investment only investment application form is to be provided along with the investment.

 
Transaction Process

You can approach your bank to remit amount of investment in foreign currency as per the details provided. The following steps will be carried out in Pakistan;

  • The Banker of the Fund will convert the amount in PKR at the prevailing interbank exchange rate and credit the amount in the aforementioned account.
  • On receipt of the amount ABL Asset Management Company Limited (ABL Funds), will issue units.
  • ABL Asset Management Company Limited (ABL Funds), will carry out a process of registration of the investment so made in the Funds under our management which will help in repatriation.

Redemption

Partial of full balance of investment amounts can be redeemed on request (through redemption form available on website) on dealing days subject to cut-off timings, and it will be remitted at the requested IBAN number through Telegraphic Transfer.

SCRA accounts allow the investor to receive the proceeds in Pakistan, which can be repatriated anytime in Foreign Currency as per State Bank of Pakistan foreign exchange rules. Whereas remittance of non-SCRA account holders is directly done to the IBAN accounts of the investors within Pakistan.

 

Contacting Us

For any queries or assistance please write to us at contactus@ablfunds.com
Investors can download the Application Forms from our website as below or email for forms at sales.coordination@ablfunds.com.
Get access to the forms and start investing today.

 
Mailing the Application Package

Please mail/courier the Application Package to our address in Pakistan as below.

Manager Sales Coordination
ABL Asset Management Company Limited.
Building No. 48-L, DHA Phase-VI,
Lahore, Punjab, Pakistan