Schedule of Charges effective 1st July, 2024

S:No Fund Name Abbreviations Front end (Sales) Load  (at entry stage) Back end/Contingent Load (at exit stage) Management fee as a % of net asset (unless mentioned otherwise) Total Expense Ratio Limits
ISLAMIC MUTUAL CIS / PENSIONS FUND
1 Al-Ameen Shahriah Stock Fund ASSF Upto 2.5%*** Nil Upto 3% 4.50%
2 Al-Ameen Islamic Income Fund AIIF Upto 1.5% Upto 1.5%
(Currently Nil)
Up to 10% of net income subject to a minimum of 0.25% p.a. (max. of upto 1.5%) 2.50%
3 Al-Ameen Islamic Sovereign Fund AISF Upto 1% Nil Up to 2.5% of daily net assets of the Scheme not exceeding the maximum expense ratio limit 2.50%
4 Al-Ameen Islamic Cash Fund AICF Nil Nil Up to 2% of daily net assets of the Scheme not exceeding the maximum expense ratio limit 2.00%
5 Al-Ameen Islamic Cash Plan-1 AICP-1 Nil Nil Up to 2% of daily net assets of the Scheme not exceeding the maximum expense ratio limit 2.00%
6 Al-Ameen Islamic Asset Allocation Fund AIAAF Upto 3%*** Nil 2% 4.50%
7 Al-Ameen Islamic Aggressive Income Fund AIAIF Upto 1% Nil Up to 2.5% of daily net assets of the Scheme not exceeding the maximum expense ratio limit 2.50%
8 Al-Ameen Islamic Aggressive Income Plan-1 AIAIP-1 Upto 0.25% Nil Up to 2.5% of daily net assets of the Scheme not exceeding the maximum expense ratio limit 2.50%
9 Al Ameen-Islamic Energy Fund AIEF Upto 3%*** Nil Upto 3% 4.50%
10 Al Ameen Islamic Retirement Savings Fund-Debt Sub Fund AIRSF-DSF Upto 3% Nil Up to 1.5% 2.50%
11 Al Ameen Islamic Retirement Savings Fund-Money Market Sub Fund AIRSF-MMSF Upto 3% Nil Up to 1.5% 2.00%
12 Al Ameen Islamic Retirement Savings Fund-Equity Sub Fund AIRSF-ESF Upto 3% Nil Upto 3% 4.50%
13 Al-Ameen Islamic Fixed Term Plans (All Active Plans) AIFTP Nil To commensurate with net loss incurred due to early redemption during subscription & life of plan Upto 2% 2.00%

* On the basis of daily Gross earnings of the fund with floor and cap as per offering document of the respective fund.

** Subject to floor and cap as per offering document of the respective fund.

*** Subject to maximum of 1.5% on online/digital transactions.

Miscellaneous Taxes/ Charges
1 Structuring Fee/Front End load Up to 3% (Upto 1.5% for online transactions) Charges applicable at the time of purchase of units via physical &/or online means.
2 Back End Load Up to 5% Charges applicable at the time of encashment of units for selective Funds/Plans.
3 Capital Gains Tax (CGT) 0% to 25% (For Filer)

Note: For Non-Filer, the tax rate would increased by 100%

Category Stock Fund Money market Fund, Income Fund or any other fund
If Capital Gains greater than Dividends If Capital Gains less than Dividends
Individual & AOP 15.00% 15% 15%
Company 15.00% 15% 25%
Where the holding period is greater than 6 years, Capital Gains tax will be exempt (no tax will be withheld).
4 Sindh Sales Tax (SST) 15% Effective from July 2024, 15% Sindh Sales Tax will be charged on front end load deductions.
The calculation becomes 3*15%  =  0.45 + 3 = 3.45
(SST may revise on yearly basis)
5 Withholding Tax (WHT) on Cash Dividends Where Profit on Debt is less than 50% of the income of the fund

Note: For Non-Filer, the tax rate would increased by 100%

Type All Funds
Filer Non-Filer
Individual 15% 30%
Company 15% 30%
AOP 15% 30%
Where 50% or more income of the fund is from Profit on Debt

Note: For Non-Filer, the tax rate would increased by 100%

Type All Funds
Filer Non-Filer
Individual 25% 50%
Company 25% 50%
AOP 25% 50%
6 Federal Excise Duty (FED) Nil Effective from July 2016, FED will not be applicable.
7 Zakat 2.5% Incase of Zakat applicability (as per Zakat & Usher law)
8 Taxation on Bonus Units 10.0% Effective from 1st July 2023, Tax on bonus units is applicable.
9 Redemption through Physical Form Nil
10 Conversion through Physical Form Rs. 100 Processing Charges on conversion transaction via Physical Form.
No charges applicable on transactions received via UBL Funds Tele-Transact, Mobile (SMS) Transact, Online Portal &/or SMART Savings App.
11 Issuance of Physical Certificate Rs. 25
Bank Levy
12 Redemption through online mediums Nil For UBL Fund Managers’ Customers
Note: Charges may change as per prevailing laws and/or constitutive documents.
In case of Bank/Stock holiday transaction will be processed on next business day redemption price.
Al-Ameen Funds E-Account
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