ABL Asset Management company is a subsidiary of Allied Bank Limited (ABL). It is one of the prestegious asset management company with a paid-up capital of Rs. 500 Million. ABL Asset Management company is offering a wide range of mutual funds categorized as ABL Mutual Funds for its customers with varying income levels. So that they can invest and see the growth of their capitalization.
Let’s review ABL Mutual Funds to understand the key elements and the suitable investor segements:
1- ABL Income Fund
ABL income fund is the open-end mutual fund having no direct exposure to the stock market. They are focused on investing the funds into a blend of short, medium and long-term instruments. They primarily invest in government papers, corporate bonds and bank deposits, and earned higher gains via active trading strategies.
Benefits of Offer
The benefits of ABL Income Fund are as follows:
– There is no lock-in period, investor can access their funds easily.
– You can start investment with the minimum amount of PKR 5000/- with subsequent investment amount of Rs. 1000/-
– The funds will be encased within 2-6 working days.
– Provides Tax benefit via applicability of existing tax laws.
– Zakat deduction can be exempted on the submission of the relevant Affidavit
Suggested Time Period for the Investment
The suggested time span for earning competitive returns on your invested amount through ABL income fund is of long-term plan, which is more then 1 year.
2- ABL Stock Fund
ABL stock fund is the open-end mutual fund, with the aim to invest the pool of funds into a diversified portfolio of equity instruments, which offers returns in the form of capital gains or dividends.
Benefits on Offer
The benefits of the ABL stock fund are as follows:
– The front-end load will be 2%
– Access the fund at any point of time
– Tax-efficient funds with the applicability of existing tax laws.
– Zakat free mutual funds on the submission of the relevant affidavit.
– The minimum amount required for the investment will be of PKR 5000/- with the minimum subsequent investment of 1000/-
– Follows the bench mark of KSE-30 Index
Suggested Time Period for the Investment
ABL Stock Fund offers an ideal opportunity for those investors who want to invest their funds in a diversified portfolio for a long-term period.
3- ABL Cash Fund
ABL Cash Fund is an open-ended money market fund with no direct or indirect exposure to term finance certificates (TFC), long-term debt instruments or shares. ABL cash mutual funds are aimed at providing the investor with returns which are of high liquid value by investing in sovereign debt instruments.
Benefits on Offer
The benefits of the ABL Cash fund are as follows:
– Enjoy zero front-end and back-end load
– There is no time frame specified for the investment, and you can redeem the funds anytime.
– It gives you a tax benefit through the application of the existing laws.
– It is complaint with the backward pricing mechanism.
Suggested Time period for the Investment
The suggested time frame for the investment through ABL Cash Fund will be short to medium-term. It is an ideal investment opportunity for those who want to invest in low risk investment yet with higher gains.
4- ABL Islamic Income Fund
ABL Islamic Income Fund is the open-end shariah compliant income fund, which primarily invests in sukuks, deposits and money market instruments permissible under the shariah principles
Additional Reading: Fundamentals of Al-Meezan Mutual Funds
Benefits on Offer
The benefits of Islamic Income funds are as follows:
– You can enjoy 1.5% front end load on this mutual fund
– It is complaint with forward pricing mechanism
Suggested Time Period for the Investment
The suggested time frame for the investment will be of medium to long-term for higher gains.
5- ABL Government Securities Fund
ABL Government securities fund are the open-ended mutual muds which majorly invests in T-bills and other government securities.
Benefits on Offer
The benefits of the ABL government securities are as follows:
– Access to online statements
– Zakat exempted on the submission of the relevant affidavit
– Provides 1.5% front end load
Suggested Time Period for the Investment
The suggested time period for the investment will be short to medium term investment.
6- ABL Islamic Stock Fund
ABL Islamic Stock fund is an open end Islamic equity fund scheme which primarily invests in the equity markets under shariah principles. The returns are generated by investing in the diversified portfolio.
Benefits on Offer
The benefits of the ABL Islamic stock fund are as follows:
– Provides encashment access to your funds at any point of time
– Gives Riba-Free, halal returns to the investor
– Provides tax benefits to the investor via existing tax laws help
– Gives 2% front end load and nil back end load
Suggested Time Period for the Investment
The suggested time span for the investment will be medium term investment.
7- ABL Islamic Financial Planning Fund
ABL Islamic financial planning fund is a mutual fund which primarily invests in the ABL Islamic Stock fund and ABL Islamic Income Fund itself. The investment allocation is made after thorough research and in compliance with the shariah procedures to gain higher returns.
Benefits on Offer
The benefits of the ABL Islamic Financial Planning Fund is as follows:
– It provides you easy access to the money and no lock-in period is defined under this mutual fund.
– Gives 2% front end load
– Provides you an opportunity to earn hilal returns
Suggested Time Period for the Investment
The suggested time period for the investment will be medium to long-term investment
8- ABL Financial Planning Fund
ABL Financial planning fund is an open-ended mutual fund which is focused at investing in funds of funds and earned higher returns for the investors after diversifying the portfolio.
Benefits on Offer
The benefits of the ABL Financial Planning Fund is as follows:
– Provides the benefits of Zakat exemption after the submission of the relevant affidavit
– Gives the leverage to invest in multiple investment plans
Suggested Time Period for the Investment
The suggested time span for the investment will be of medium to long-term investment.
9- ABL Capital Protected Fund
ABL Capital Protected fund is the open end mutual fund scheme which ensures the security of your capital in Term Deposit Receipts (TDR) with the minimum rating of AA by an accredited company.
Benefits on Offer
The benefits of the ABL Capital protected fund are as follows:
– Opportunity to avail Tax rebate on the investment under section 62 of ITO 2001
– It generates optimal results with minimum exposure to the equity market
Suggested Time period for the Investment
Based on the nature of the ABL Capital Protected Fund, the suggested time period for the investment will be 2 years at minimum.
Conclusion
In a nutshell, ABL mutual funds are providing diversified option for its consumers to invest and earning the profit through both conventional and islamic mutual fund range offered by ABL. Log in to Mawazna.com to learn more about the different mutual funds offered by leading asset management companies and banks in Pakistan.
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