HBL Islamic Income Fund

HBL Islamic Income Fund is an open end Fund managed by HBL Asset Management Ltd, a wholly owned subsidiary of HBL.

Objective

The Investment Objective of the Fund is to provide competitive risk adjusted returns to its investors by investing in a diversified portfolio of long, medium and short term Shariah compliant debt instruments while taking in to account liquidity considerations.

Features and Benefits of HBL Islamic Income Fund:

• Ideal for investors seeking a steady income through investing in shariah compliant diversified pool of fixed income instruments.
• Regular Income Options: Short term needs are catered to by monthly, quarterly or annual payments
• Holding Period: No fixed term; can be redeemed at any time
• Minimum Investment Rs. 1,000
• Subsequent investment Rs. 1,000
• Bank Financing: Units can be used as a collateral against financing
• Encashment: 2-3 Days. However constitutive documents of the fund allow up to six working days.
• Capital Gains Tax (CGT) will be deducted as per current tax law
• Front end load is 2%
• Risk: Low – Medium

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