Notice for Reduction in Management Fee – HBL Cash Fund and HBL Money Market Fund
- May 3, 2019
Unit holders of the following funds are hereby notified that HBL Asset Management Limited has decided to reduce the Management Fee; which shall now be charged as per the below table:
| Fund Name | Management Fee |
| HBL Cash Fund | 5% of gross earnings with a floor of 0.50% and a cap of 1.00% of the average annual net assets. |
| HBL Money Market Fund | 7.5% of gross earnings with a floor of 0.75% and a cap of 1.00% of the average daily net assets of the scheme. |
The notice is being given to all unit holders in compliance with Non-Banking Finance Companies and Notified Entities Regulations, 2008 and the constitutive documents of the Funds.
This change (Reduction in Management Fee) would be effective from May 3rd, 2019.
For details, please contact:
Retails Sales Support
HBL Asset Management Limited
7th Floor, Emerald Tower, G-19, Block 5, Main Clifton Road, Clifton, Karachi
Call: (021) 111-425-262