Schedule of Charges effective From March 9, 2020

 

UBL Funds – Schedule of Charges and Fund Expenses

Effective from March 09, 2020

 

 

S:No Fund Name Management fee as a % of net asset (unless mentioned otherwise) Operational Expenses as a % of net asset Selling & Marketing Expense as a % of net asset
CONVENTIONAL CIS / PENSIONS FUND
1 UBL Stock Advantage Fund 2.00% 0.10% 1.01%
2 UBL Special Savings Plan-I
UBL Special Savings Fund
1.00% 0.00% 0.40%
3 UBL Special Savings Plan-II
UBL Special Savings Fund
1.00% 0.00% 0.00%
4 UBL Special Savings Plan-III
UBL Special Savings Fund
1.00% 0.00% 0.00%
5 UBL Special Savings Plan-IV
UBL Special Savings Fund
1.00% 0.00% 0.00%
6 UBL Special Savings Plan-V
UBL Special Savings Fund
0.10% 0.10% 0.00%
7 UBL Special Savings Plan-VI
UBL Special Savings Fund
1.00% 0.00% 0.00%
8 UBL Special Savings Plan-VIII UBL Special Savings Fund II 0.75% 0.10% 0.40%
9 UBL Money Market Fund 5.00%* 0.10% 0.30%
10 UBL Liquidity Plus Fund 5.00%* 0.10% 0.00%
11 UBL Income Opportunity Fund 10.00%* 0.10% 0.10%
12 UBL Growth & Income Fund 8.00%* 0.10% 0.40%
13 UBL Government Securities Fund 10.00%* 0.10% 0.00%
14 UBL Financial Sector Fund 2.00% 0.10% 0.93%
15 UBL Dedicated Equity Fund 2.00% 0.10% 0.40%
16 UBL Cash Fund 0.00% 0.10% 0.00%
17 UBL Asset Allocation Fund 1.00% 0.10% 1.04%
18 UBL Active Principal Preservation plan – III
UBL Financial Planning Fund (UFPF)
0.00% 0.10% N/a
19 UBL Active Principal Preservation plan – II
UBL Financial Planning Fund (UFPF)
1.00%** 0.10% N/a
20 UBL Active Principal Preservation plan – I
UBL Financial Planning Fund (UFPF)
0.00% 0.10% N/a
21 UBL Retirement Saving Funds (URSF) 1.50% N/a N/a
ISLAMIC CIS / PENSIONS FUND
22 Al-Ameen Shahriah Stock Fund 2.00% 0.10% 1.03%
23 Al-Ameen Islamic Sovereign Fund 1.00% 0.10% 0.20%
24 Al-Ameen Islamic Cash Fund 2.5%*** 0.10% 0.00%
25 Al-Ameen Islamic Asset Allocation Fund 2.00% 0.10% 0.62%
26 Al-Ameen Islamic Aggressive Income Fund 1.50% 0.10% 0.00%
27 Al Ameen-Islamic Dedicated  Equity Fund 2.00% 0.10% 0.40%
28 Al Ameen-Islamic Energy Fund 2.00% 0.10% 1.03%
29 Al Ameen Islamic Active Principal Preservation Plan I
Al-Ameen Islamic Financial Planning Fund-II (AIFPF-II)
0.00% 0.10% N/a
30 Al Ameen Islamic Active Principal Preservation Plan II
Al-Ameen Islamic Financial Planning Fund-III (AIFPF-III)
0.00% 0.10% N/a
31 Al Ameen Islamic Active Principal Preservation Plan III
Al-Ameen Islamic Financial Planning Fund-III (AIFPF-III)
0.00% 0.10% N/a
32 Al Ameen Islamic Active Principal Preservation Plan IV
Al-Ameen Islamic Financial Planning Fund-III (AIFPF-III)
0.00% 0.10% N/a
33 Al Ameen Islamic Active Allocation Plan VIII
Al-Ameen Islamic Financial Planning Fund-II (AIFPF-II)
0.00% 0.10% N/a
34 Al Ameen Islamic Active Allocation Plan IX
Al-Ameen Islamic Financial Planning Fund-II (AIFPF-II)
0.00% 0.10% N/a
35 Al Ameen Islamic Active Allocation Plan XI
Al-Ameen Islamic Financial Planning Fund-II (AIFPF-III)
0.00% 0.10% N/a
36 Al Ameen Islamic Active Allocation Plan X
Al-Ameen Islamic Financial Planning Fund-II (AIFPF-II)
0.00% 0.10% N/a
37 AL-Ameen Islamic Retirement Saving Funds (AIRSF) 1.50% N/a N/a
37 Al Ameen Islamic Special Savings Fund – Al Ameen Islamic Special Savings Plan – II (AISSP-II) 0.75% N/a N/a
* On the basis of daily Gross earnings of the fund with floor and cap as per offering document of the respective fund.
** On value of underlying funds not managed by UBL Fund Managers Limited.
*** On the basis of daily Gross earnings of the fund with floor of 0.15% of average net assets per anum.
Miscellaneous Taxes/ Charges
Structuring Fee/Front End load Up to 3% Charges applicable at the time of purchase of units via physical &/or online means.
Back End Load Up to 5% Charges applicable at the time of encashment of units.
Capital Gains Tax (CGT) 0% to 25% (For Filer)

Note: For Non-Filer, the tax rate would increased by 100%

Category Stock Fund Money market Fund, Income Fund or any other fund
If Capital Gains greater than Dividends If Capital Gains less than Dividends
Individual & AOP 12.5% 10% 10%
Company 12.5% 10% 25%
Where the holding period is greater than 4 years, no tax will be with held.
Sindh Sales Tax (SST) 13% Effective from July 2016, 13% will be charged on front end load deductions.
The calculation becomes 3*13%  =  0.39 + 3 = 3.39
(SST may revise on yearly basis)
Withholding Tax (WHT) 15% (for filer)

Applicable on Cash Dividends

Note: For Non-Filer, the tax rate would increased by 100%

Type All Funds
Filer Non-Filer
Individual 15% 30%
Company 15% 30%
AOP 15% 30%
Federal Excise Duty (FED) Nil Effective from July 2016, FED will not be applicable.
Zakat 2.5% Incase of Zakat applicability.
Taxation on Bonus Units Nil Effective from July 2018, Tax on bonus units will not be applicable.
Redemption through Physical Form Nil
Conversion through Physical Form Rs. 100 Processing Charges on conversion transaction via Physical Form.
No charges applicable on transactions received via UBL Funds Tele-Transact, Mobile (SMS) Transact, Online Portal &/or SMART Savings App.
Issuance of Physical Certificate Rs. 25
Bank Levy
Redemption through online (Other than UBL Bank) Nil For UBL Fund Managers’ Customers
Note: Charges may change as per prevailing laws and/or constitutive documents. In case of Bank/Stock holiday transaction will be processed on next business day price.
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