Unit holders of HBL Income Fund are hereby notified that HBL Asset Management Limited has decided to reduce the Management Fee from 12.5% of gross earnings with floor of 1.25% and cap of 1.50% of the average daily net assets of the scheme to 10% of gross earnings with a floor of 1.00% and cap of 1.50% 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.
The above change will be effective from Monday, June 3, 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