The Unit holders of following Funds under Management of Al Meezan Investment Management Limited (Al Meezan) are informed that, effective April 01, 2023, Management Fee and Selling & Marketing in following funds / plans are being accrued as per below mentioned schedule;
a) Management Fee
| Fund | Management Fee – % |
|---|---|
| Meezan Daily Income Fund – MDIP – I (“MDIP”) | 0.40% |
| Meezan Cash Fund (“MCF”) | 0.20% |
b) Selling & Marketing Expense
| Fund | Management Fee – % |
|---|---|
| Meezan Daily Income Fund – MDIP – I (“MDIP”) | 0.32% |
| Meezan Cash Fund (“MCF”) | 0.60% |