Trust deed signed for KASB cash fund

KARACHI: KASB Funds Limited and Muslim Commercial Financial Services (Pvt) Ltd (MCFSL) signed a trust deed for KASB Cash Fund. KASB Cash Fund will be an open-ended fund allowing investors, flexibility in their investment and full or partial redemption at any point in time. The IPO of the Fund is expected to take place in the first week of July 2009. With the launch of KASB Cash Fund, the company now provides a wide variety of products, including a stock market fund, an income fund, Islamic income fund, a balanced fund and now a money market fund. staff report

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