Mutual Funds
Mutual funds
A mutual fund is an investment vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, and money market instruments etc. Mutual Funds are managed by professional Fund Managers.
The objective of mutual funds is to generate returns for investors.
Sales-Load / Front-End Load
Sales-Load / Front-End Load is a small service fee that is deducted from the investment amount by Asset Management Company at the time of investment in certain Mutual Funds. This fee is used to compensate the sales team and to maintain a customer facing
infrastructure. It is mandatory for AMCs to disclose this charge to the investor at the time of investment.
Back-End Load
Back-End Load is a small fee that is charged whenever an investor withdraws money from the mutual fund. Mutual Funds with Back-end Load are very rare nowadays. Again, it is mandatory to disclose this fee before an investor signs up for the product.
- Investment.
- HNW.
- Monthly or Lump Sum.
JSIL / Asset Management Company Documents
For New Investors (who do not already have an account with JS Investments Limited)
Step 1: Fill the “Account Opening” Form and “Purchase of Units” Form. Your JS Private Banker will initiate the process on your behalf.
Step 2: Attach mandatory documents such as copy of CNIC to your application (complete list of required documents is mentioned on the form).
Step 3: Attach payment instrument.
Step 4: Send your application form along with the mandatory documents and payment proceeds to our Head Office. Once we receive your duly filled application, we will send you a welcome letter and your account statement confirming your investments with
us.
For Existing Investors (who already have an account with JS Investments Limited)
Step 1: Simply fill our “Purchase of Units” Form.
Step 2: Attach Payment instrument.
Step 3: Send your application form along with the mandatory documents and payment proceeds to our Head Office.
Payment shall me made in favor of: “CDC Trustee JSIL Funds” or “MCBFSL Trustee JSIL Funds” depending on which fund you are investing in.
Payment can be made in the form of Cheque, Pay Order, Demand Draft or Online Transfer.
- 5
- Anyone can invest.
- In Pakistan, Non-Banking Finance Companies (like AMCs, Insurance Companies, Investment Banks etc) are regulated by the Securities and Exchange Commission of Pakistan (SECP), which has been empowered by an Act of Parliament to perform this regulatory function.
The SECP is responsible for protecting the customers’ interest by setting rules under which AMCs and Mutual Funds operate, as well as stringently reviewing AMCs and Mutual Funds consistently to ensure that all the rules are being complied with.
- Not Applicable.