Frequently Asked Questions
About our Products and Services
What products are offered by KFL?
The company is licensed by the SECP to manage open and close-end funds. Currently, it is managing six open-end funds, KASB Income Opportunity Fund, KASB Asset Allocation Fund, KASB Islamic Income Opportunity Fund, KASB Cash Fund, Crosby Dragon Fund and Crosby Phoenix Fund. KFL is constantly working on introducing new products and services to suit investor’s needs.
Will I receive a guaranteed return on my investments in KASB Funds Limited?
Unless specified otherwise, the rate of return on mutual funds is not fixed or guaranteed. KASB Funds Limited will invest in lucrative opportunities that coincide with the objectives of the fund whilst making a profit for the unit holders.
How often will I receive account statements?
Account statements will be emailed to unit holders on monthly basis and after every transaction/ movement that takes place in their accounts. Besides the above, hard copy of account statements can be dispatched upon request with out any additional charges
Can I opt to receive my account statement via e-mail?
Through KASB Funds E-Statement service, unit holders can receive their Account Statements on their designated email address on monthly basis, upon every transaction in their account and as per the frequency of their convenience.
Can I check my account statement online via internet?
You can view your updated account balance by logging into your online account through our website (www.kasbfunds.com
), using the Username and Password provided to you at the time of account opening. If you do not remember your login details, kindly contact the Investor Relations Department for assistance.
Whom do I contact if I have a query, request, complaint or if I want to submit my feedback?
If you want to get in touch with us, please do not hesitate to contact the Investor Relations Department at UAN No. 021-111-535-535 Ext. 600, 624 or 687 or fill up our Contact Form
Do you accept cash as modes of payment?
Cash against purchase of units is NOT accepted as a mode of payment. Payments can be made either via cheque, demand draft, pay order, telegraphic transfer, direct deposits or any other accepted modes of payment as specified by the Management from time to time. All banking instruments should be made out to;
||CDC – Trustee KASB Income Opportunity Fund
||CDC – Trustee KASB Asset Allocation Fund
||MCFSL – Trustee KASB Cash Fund
||CDC – Trustee KASB Islamic Income Opportunity Fund
||CDC – Trustee Crosby Phoenix Fund
||CDC – Trustee Crosby Dragon Fund
How will I receive proceeds on redemption of units?
The payment for encashment of units will be made directly to the unit holder within a period of six working days, either via cheque/ payorder or via credit to the unit-holder’s account .
How can I use my units to arrange for financing?
Mutual fund units are pledgeable securities and borrowing can be acquired through financial institutions including commercial banks. Once the unit holder (pledger) and the financer (pledgee) have completed KFL – Form 06 and submitted the same to the Registrar, the said units will be marked under pledge to the financer.
Will I get any Tax benefit for investing in Mutual Funds?
Investment in Mutual Fund enables you to get tax rebate i.e; your Tax Liability will be reduced by the amount of Tax Rebate that you can avail depending on your taxable income, under the current applicable tax laws if investment is held for a period of one year.
For example, if your annual taxable income is above Rs.5,000,000/- and you invest Rs.1,000,000/- in a Mutual Fund, you will be eligible for a Tax Rebate of Rs.200,000/- if you are a salaried individual and Rs.250,000/- if you are self employed
Can I submit my transaction request online?
Through our Online Transaction Request Service(OTRS), you can submit your transaction request by sitting in the comfort of your house or office, at your convenient time.
To utilize this service, all you need to do is to log-in to your Online Investor Account available on KASB Funds website and subscribe for OTRS.
Is Zakat deducted at source?
Zakat will be deducted at source unless otherwise specified, in which case a Zakat Declaration form CZ -50 would be required.
Do I need to have an account with KASB Bank to make investments in funds managed by KASB Funds Limited (KFL)?
No, it is not necessary for investors to open accounts with KASB Bank Limited if they wish to invest in funds managed by KFL. However, an account with KASB Bank will expedite and facilitate the investment, redemption and dividend distribution process.