This is with reference to the subject matter. This is to inform you that effective August 01, 2023, Management fee and Selling & Marketing expense in following funds / plan are being accrued as per below mentioned schedule;
Management Fee
| Fund / Plan | Management fee | Selling & Marketing expenses |
|---|---|---|
| Meezan Cash Fund | 0.60% | 0.30% |
| Meezan Rozana Amdani Fund | 0.66% | 0.30% |
| Meezan Daily Income Fund – MDIP – I | 0.64% | 0.30% |
| Meezan Sovereign Fund | 0.70% | 0.20% |
| Meezan Islamic Income Fund | 0.70% | 0.20% |