The objective of the NAMAL Income Fund is to provide investors
with a higher income at a low level of risk in the medium to long term.
To achieve this objective the fund invests in high quality, income
producing instruments that generate superior yields in the long term at
reasonable levels of risk. The funds investments are exclusively in
fixed income securities.
Asset
Allocation
100% in
fixed income securities
Dividend
Policy
Dividends
are paid semi-annually during January and July.
Investment
Restrictions
Mandatory
that 10% of the fund is in liquid assets to facilitate any
redemptions (encashment) by investors.
Minimum
Investment
Rs.
10,000/=
Fees/
Charges
The fund attracts a management participation of 1.25% based on the net
asset value of the investment. An exit fee of 1% of the net asset value
of the investment is charged if the investment is withdrawn prior to
the completion of one calendar year.
