CHANGE IN MANAGEMENT FEE – MRAF
The Unit holders of Meezan Rozana Amdani Fund (“MRAF”) under Management of Al Meezan Investment Management Limited (Al Meezan) are herby informed that, effective July 06, 2021, Management Fee in MRAF will be accrued as per below mentioned schedule;
|Meezan Rozana Amdani Fund (“MRAF”)||0.20%|
* As per constitutive document, following is the allowed limit of charging Management fee in MRAF;
* MRAF Up to 3.5% of gross earnings.