ABL Income Fund

Introduction

ABL Income Fund (ABL-IF) is an open end, fixed income fund with no direct exposure to the stock market.

The objective of ABL Income Fund is to earn superior risk adjusted rate of return by investing in a blend of short, medium, and long-term instruments, both within and outside Pakistan.

ABL-IF would benefit Investors who want to earn a competitive return and avail tax benefits also having the ease of withdrawing money at their convenience

Salient Features:

• Minimum investments can be as low as Rs. 5,000/- for Growth Units and Rs. 500,000/- for Income Units. Further re-investments can be made from as little as Rs.1,000/- only.
• No lock in period - Ease of withdrawing money anytime
• Tax Rebate Benefit available on investment up to Rs. 300,000/-for individuals (as per existing income tax rules)
• Exemption from Zakat on submission of relevant Affidavit.
• Benchmark: 6 Month KIBOR