This is with reference to the subject matter. This is to inform you that effective July 01, 2023, Management fee & Selling & Marketing expense in following funds / plans are being accrued as per below mentioned schedule;
Management Fee
| Fund / Plan | Management Fee – % |
|---|---|
| Meezan Daily Income Fund – MDIP – I | 0.46% |
| Meezan Rozana Amdani Fund | 0.48% |
| Meezan Cash Fund | 0.40% |
Selling & Marketing expense
| Fund / Plan | Management Fee – % |
|---|---|
| Meezan Daily Income Fund – MDIP – I | 0.48% |
| Meezan Rozana Amdani Fund | 0.48% |
| Meezan Cash Fund | 0.50% |
| Meezan Sovereign Fund | 0.40% |