|
About Investment Plans
|
Investment Plans are not mutual funds but rather percentage allocations between existing mutual funds, aiming to provide a more customized investment approach to the investors. Investment Plans allow the investors to invest periodically in a portfolio generating returns to meet their particular personal goals and preferences.
Investment Plans make investment easy as the investors have to make one payment only for allocation of investment in two funds and receive one payment at the time of redemption. As the Investment Plans are reallocated at least quarterly, it keeps the investments focused towards the investor’s selected investment objective without any additional effort from their end.
AAML has launched Investment Plans using Atlas Income Fund (AIF) and Atlas Stock Market Fund (ASMF) as the underlying funds.
|
|
Description
|
Balanced Plan focuses on providing long term capital growth along with modest income. It is appropriate for investors looking for moderate growth. Through the Balanced Plan, the investments are diversified to help ensure more consistent performance and improved risk
management.
|
|
Plan Facts
|
|
Type
|
:
|
Open-End
|
|
Dealing Days
|
:
|
Monday to Friday
|
|
Front-end Load
|
:
|
2%
(As a % of the respective NAVs of the two funds; ASMF & AIF)
|
|
Minimum Investment
|
:
|
Rs. 5,000/-
|
|
|
:
|
Monthly (Recommended)
|
|
Payment-to (made to)
|
:
|
"CDC-Trustee Atlas Funds"
|
|
Redemption
|
:
|
Within six business days
|
|
Reallocation between Funds
|
:
|
Financial year end or at the request of the subscriber on quarterly basis or earlier in the event there is a 10% variation in the allocation percentages
|
|
Divident Distribution
Mode of Dividend
|
:
|
As per the constitutive documents of the underlying Funds
|
|
|
* Dividend will be either through bonus or additional units by way of re-investment which are both then redeemable. Cash will not be paid except through direct transfer to the investors bank account (in the event that cash dividend is announced).
|
|
Strategy
|
Balanced Plan offers the benefits of growth through higher potential returns by investing in the Atlas Stock Market Fund (ASMF) and steady income by investing in the Atlas Income Fund (AIF). The Plan provides diversification and growth potential through a single investment.
|
|
|
|
|
|
|
|
Participate in BALANCED PLAN if you are seeking...
|
|
Tax Credit on Investment
|
Unit Holders of Atlas Funds, other than a company, shall be entitled to a tax credit under Section 62 of the Income Tax Ordinance 2001 on purchase of new Units. The amount on which tax credit will be allowed shall be lower of:
(a) amount invested in purchase of new Units; or
(b) fifteen percent of the taxable income of the Unit Holder; or
(c) Rupees Five Hundred Thousand (Rs 500,000);
and will be calculated by applying the average rate of tax of the Unit Holder for the tax year. If the Units so acquired are disposed within twelve months, the amount of tax payable for the tax year in which the Units are disposed shall be increased by the amount of credit allowed.
|
|
Investment Risks and Tax Implication
|
|
All investments in mutual funds, pensions funds and securities are subject to market risks. The value of such investments may depreciate as well as appreciate, subject to market fluctuations and risks inherent in all such investments. Investors should read the Offering Document carefully to understand the investment policies, risks and tax implication and should consult their legal, financial or tax adviser before making any investment decisions. Withdrawals from the pension Fund before the retirement age are subject to tax under the provisions of the Income Tax Ordinance, 2001.
|
