CHANGE IN MANAGEMENT FEE AND SELLING & MARKETING

04 Jul 2022
CHANGE IN MANAGEMENT FEE AND SELLING & MARKETING

The Unit holders of following Funds under Management of Al Meezan Investment Management Limited (Al Meezan) are informed that, that effective July 01, 2022, Management fee and Selling & Marketing in following funds are being accrued as per below mentioned schedule;

a) Management Fee

Fund Management Fee – %
Meezan Daily Income Fund – MDIP – I (“MDIP”) 0.45%
Meezan Rozana Amdani Fund (“MRAF”) 0.33%

b) Selling & Marketing Expense

Fund Selling & Marketing Expense – %
Meezan Daily Income Fund – MDIP – I (“MDIP”) 0.12%
Meezan Rozana Amdani Fund (“MRAF”) 0.12%
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