Why invest in ABL-Islamic Cash Fund:
- Low risk investments to provide safe and consistent Halal returns.
- Invests only in Shariah compliant short term government securities, money market instruments and deposits.
- No Minimum investment period. You can encash whenever you want.
- Easy encashment within two working days. However the constitutive documents provide up to six working days.
- No direct or indirect exposure to stock market or long term debt instruments.
- Minimum investment from Rs.5,000/- (for Growth Units) only.
- Options for monthly, quarterly and semi-annual income plans.
- Tax efficient returns* and tax credits**
* No tax is applicable on returns if investment in mutual fund is held for more than one year.
** Applicable tax laws provide tax credit incentive to salaried and self employed investors who hold their investment for over a year. Salaried investor can claim tax credit up to Rs. 60,000 on a taxable income in excess of Rs 8.6 mn and Self-employed investor can avail tax credit up to Rs.75,000 on a taxable income of over 1.3 mn.
