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Administrative Plans > Introduction |
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Administrative Plans are not actual mutual funds but are rather
percentage allocations between existing mutual funds, aiming to
provide a more customized investment approach to the investors.
Administrative Plans allow the investors to invest periodically
in a portfolio generating returns to meet their particular personal
goals and preferences.
The objective of Administrative Plans is to facilitate investors
to accumulate a lump sum for a final objective through periodic
contributions.
Administrative Plans make investment easy as the investors have
to make one payment only for allocation of investment in two funds
and receive one payment for at the time of redemption. As the administrative
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. |
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| Types of Administrative Plans |
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Atlas Asset Management
Limited has initially launched between Atlas Income Fund (AIF) and
Atlas Stock Market Fund (ASMF) the following plans:
Income Multiplier Plan
Balanced Plan
Growth Plan
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| Salient Features |
| Nature |
: |
Open-End |
| Dealing
Days |
: |
Monday
to Friday |
| Front-end
Load
(As a % of the respective NAVs of the two funds; ASMF &
AIF) |
: |
2% |
| Minimum
Investment |
: |
Rs.
5,000/- |
| Frequency
of Investments |
: |
Monthly
(Recommended) |
| Payment
to made to |
: |
in
favor of "CDC-Trustee Atlas Funds" |
| Redemption |
: |
Within
six business days |
Reallocation
between Funds
|
: |
Every
Quarter |
Dividend
Distribution
|
: |
Annual |
| Mode
of Dividend |
: |
Additional
Units * |
* 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) |
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| Risk Disclosure: All investments in mutual
funds are subject to market risks. The NAV based prices of Units
and any dividend and returns thereon are dependant on market
forces and factors affecting the capital markets. Past performance
is not necessarily indicative of future results. Please read
the Offering Documents of respective Funds and Supplementary
Offering Documents of the respective Plans to understand the
investment policies, rewards and risks involved. |
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