As per the Offering Document of ABL Islamic Cash Fund (ABL-ICF) approved by the Securities and Exchange Commission of Pakistan (SECP) vide their letter No. NBFC-II/DD/ABLAMC/2010/575 dated July 21, 2010, ABL FundsL is entitled for a Management fee of 1.25% p.a. of the Net Asset Value (NAV) for managing ABL-ICF.
However, in the larger interest of the unit holders of ABL-ICF, the management of ABL FundsL has decided to reduce the management fee from 1.25% to 1 % with effect from the first operational day of the Fund i.e. August 02, 2010.
ABL Funds
