CHANGE IN MANAGEMENT FEE AND SELLING & MARKETING EXPENSE - Al Meezan Investment Management Limited
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CHANGE IN MANAGEMENT FEE AND SELLING & MARKETING EXPENSE

September 17, 2021

The Unit holders of Meezan Rozana Amdani Fund (“MRAF”) under Management of Al Meezan Investment Management Limited (Al Meezan) are informed that, effective September 17, 2021, Management Fee and Selling & Marketing Expenses in Meezan Rozana Amdani Fund (“MRAF”) will be accrued as per below mentioned schedule;

Fund Management Fee* Selling & Marketing Expense
Meezan Rozana Amdani Fund (“MRAF”) 0.15% 0.00%

* As per constitutive document, following is the allowed limit of charging Management fee in MRAF;

  • * MRAF Up to 3.5% of gross earnings.