The investors of following funds/plans under management of Al Meezan Investment Management Limited (Al Meezan) are hereby informed that, effective August 19, 2024, Management fee and Selling & Marketing expenses are being accrued as per below mentioned schedule;
| Fund | Management Fee – % | Selling & Marketing Expense – % |
|---|---|---|
| Al Meezan Mutual Fund | No Change | 0.80% |
| Meezan Energy Fund | No Change | 0.80% |
| Meezan Islamic Fund | No Change | 0.80% |
| Meezan Asset Allocation Fund | No Change | 0.80% |
| Meezan Balanced Fund | No Change | 0.80% |
| Meezan Rozana Amdani Fund | No Change | 0.28% |
| Meezan Cash Fund | No Change | 0.28% |
| Meezan Daily Income Fund – MDIP-I | No Change | 0.32% |
| Meezan Daily Income Fund -MMMP | No Change | 0.59% |
| Meezan Daily Income Fund – SEHL | 0.80% | 0.32% |
| Meezan Daily Income Fund -MMP-I | 0.80% | 0.32% |
| Meezan Islamic Income Fund | No Change | 0.28% |
| Meezan Sovereign Fund | No Change | 0.24% |
| Meezan Gold Fund | No Change | 0.32% |
| Meezan Daily Income Fund -Super Saver | 0.80% | 0.32% |