What are the types of UMF units available for investment?
Different kinds of units are available for different group of investors. Class A units These are load-free units. There will be no sales load charged at the time of purchase or encashment. These units are available to corporates, individuals, pension funds, insurance companies and provident funds and other than those investors to whom Class C units are available. Class C units These units have an exit sales load whereby the investors will be charged at the time of encashment. These units are open to banks, DFIs, NBFIs (other than those mentioned under Class ‘A’), Brokerage Houses, Modarabas and other financial institutions. The sales load would be determined by UBL Fund Managers Ltd. in consultation with the Trustee from time to time.
