hbl asset management

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HBL Asset Management:

HBL Asset Management Limited - A Wholly own subsidiary of Habib Bank Ltd. was

incorporated on 17 February, 2006 as a public limited company under the Companies Ordinance

1984 and was licensed for Investment Advisory and Asset Management Services by Securities

and Exchange Commission of Pakistan on 3rd April, 2006.

Habib Bank Ltd. (Sponsor of HBL Asset Management) is a leader in Pakistan’s service industry.

An extensive network of 1437 domestic branches - the largest in Pakistan – and presence in 25

countries around the globe has enabled HBL to provide comprehensive services that meet

customer needs. This has ensured thriving client relationships that form the background of the

Bank’s operations. Today Habib Bank Ltd. plays a central role in Pakistan’s financial andeconomic development.

HBL-Income Fund:

The objective of the HBL-Income Fund is to provide stable stream of income with a moderate

level of risk by investing in fixed income securities/instruments. The salient features of HBL-

Income Fund are:

Name HBL Income FundFund Type Open End Income Fund

Objective To provide a stable stream of income with a moderate

level of risk by investing in fixed income securities /

instruments.

Seed / Core Investor Habib Bank Limited

Trustee Central Depository Company

Auditor A. F. Ferguson and Company

NAV Calculation Daily

Management Fee 1.5%

Sales Load 0%

Trustee Fee Rs. 0.7 million or 0.2% p.a. of NAV up to Rs. 1 billion

which ever is higher. Exceeding Rs. 1 billion; Rs. 2



million plus 0.10% of NAV exceeding Rs. 1,000 million

Other Costs Brokerage fee, Legal Costs, Auditors fee, Company

formation cost, Listing fee, Annual fee to SECP, Credit

Rating fee etc.

Initial Offer Price / Par Value Rs. 100

Minimum Investment Size Rs. 5000

Subsequent investment Rs. 1000

Types of Units

Class A Units (Restricted) Core Units to be issued to HBL (at Par Value) as core

investors with a 2 year restriction for redemption

Class A Units Issued to pre-IPO / IPO investors at par valueClass B Units Issued to all types of investors after expiry of IPO

Tax Benefit Capital Gains: Exempt till June 2007

Cash Dividend tax rate:

Individual 10%

Corporate 5%

Tax Credit for investments of up to Rs. 200,000

IPO Dates 15 th , 16 th & 17 March 2007.

HBL- Stock Fund:

The objective of the HBL- Stock Fund is to provide long term capital growth and income by

investing in a diversified pool of equities and equity related instruments. The fund will also

invest in short /medium/ long term fixed income securities as well as in derivative, for hedging

when it has a bearish view on the market. The salient features of HBL- Stock Fund are:

Name HBL- Stock Fund

Fund Type Open End Equity Fund



Objective To provide long term capital growth and income by

investing in a diversified pool of equities and equity

related instruments. The fund will also invest in short

/medium/ long term fixed income securities as well as in

derivative, for hedging when it has a bearish view on the

market.





Management Fee 3.0%

Sales Load 2.5%


whichever is higher. Exceeding Rs. 1 billion; Rs. 2




Rating fee etc.




Types of Units



Class A Units Issued to pre-IPO / IPO investors at par value

Class B Units Issued to all types of investors after expiry of IPOTax Benefit Capital gains: Exempt till June 30, 2008.

Cash Dividend: Individual & Corporate 10%

Tax Credit up to an investment of PKR 300,000 to



individual investors.

IPO Dates 29th, 30th & 31st Aug 2007.

HBL-Multi Asset Funds:

The objective of the HBL- Multi Asset Fund is to provide long term capital growth and income

by investing in multiple asset classes such as Equity, Equity related instruments, Fixed Income

Securities, CFS and Money Market. The salient features of HBL- Multi Asset Fund are:

Name HBL Multi Asset Fund

Fund Type Open End Balance Fund

Objective To provide long term capital growth and income by

investing in multiple asset classes such as Equity, Equity

related instruments, Fixed Income Securities, CFS and

Money Market.





Management Fee 2.0%

Sales Load 2.0%


whichever is higher. Exceeding Rs. 1 billion; Rs. 2




Rating fee etc.




Types of Units






Class B Units Issued to all types of investors after expiry of IPO

Tax Benefit Capital gains: Exempt till June 30, 2008.

Cash Dividend: Individual & Corporate 10%Tax Credit up to an investment of PKR 300,000 to

individual investors.

Tax Credit for investments of up to Rs. 300,000

IPO Dates 14th, 15th & 17th Dec 2007.

HBL Money Market Fund:

The objective of HBL Money Market Fund is to seek high liquidity and competitive return for investors by investing in low risk securities of shorter duration, with maturity up to six months,

in a manner that weighted average maturity of net assets of the fund is 90 days or less. The

salient features of HBL Money Market Fund are:

Name HBL Money Market Fund

Fund Type Open End Money Market Fund

Objective To seek high liquidity and competitive return for

investors by investing in low risk securities of shorter

duration, with maturity up to six months, in a manner that

weighted average maturity of net assets of the fund is 90

days or less


Trustee Central Depository Company of Pakistan Ltd. (CDC)

Auditor A.F. Ferguson & Co. Chartered Accountants


Management Fee 1% per annumSales Load 0%

Trustee Fee Rs. 0.7 million or 0.15% p.a. of Net Assets which ever is

higher; up to Rs.1 billion

Rs. 1.5 million plus 0.075% p.a. of Net Assets on amount

exceeding Rs. 1 Billion




formation cost, Listing fee, Annual fee to SECP,

Trustee’s Fee, Credit Rating fee etc.




Classes of Units

Class R (Restricted) Units These Units are issued at Par Value with the condition

that they cannot be redeemed for a period of two years

from the date of closure of Initial Public Offering (IPO).

These units are to be issued to Habib Bank Limited.


Class B Units Issued to all types of investors after expiry of IPO

Class C units Offered and issued after the Initial Public Offering (IPO).

In case of any distribution, Class C Unit holders shall be

entitled to receive cash dividend only.

Tax Benefit Capital Gain on disposition of units of HBL Money

Market Fund is exempt from tax up to June 30, 2010

Cash Dividend: Individual & Corporate 10%Tax Credit up to an investment of PKR 300,000 is

available on the purchase of new units

IPO Dates 12 th, 13 th & 14th July 2010

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