FAQ's
What is Lucky Islamic Mutual Fund?
Lucky Islamic mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of Shariah-compliant assets. These funds are designed to provide investors with a convenient and accessible way to invest in Islamic investments while adhering to Islamic principles.
What are the investment objectives of the fund?
Each investment objective of a Fund differs in its nature and requires you to read the constitutive documents (Offering Document and Trust Deed), Term Sheet and marketing brochures carefully.
Who is the fund manager?
The fund manager is Lucky Investments Limited, a Shariah-compliant asset management company (AMC). AMC is a highly regulated Non-Banking Financial Company that structures and manages various mutual funds.
What is an Open-end Fund?
Open funds continually create new units or redeem issued units on demand. The unit holders can buy the units of the fund or may redeem them on a continuous basis at the prevailing Net Asset Value (NAV) by simply contacting the AMCs
What is the minimum investment amount?
The minimum investment amount is PKR 5,000/ for any investors with Rs. 1,000/- for subsequent minimum new investment.
What are the investment options available?
Investors can choose from various investment options, including lump sum investments, systematic investment plans (SIPs), and online investments through our digital platform.
Can I invest online?
Yes, investors are recommended to invest online through our digital platform, which is available 24/7.
How do I open an account?
Investors can open an account by filling out the account opening form, which is available on our website or at our investor service centers.
What documents are required to open an account?
Investors need to provide valid identification documents, such as a CNIC, passport, and proof of address.
How do I update my account information?
Investors can update their account information by filling out the change in information form, which is available on our website or at our investor service centers.
How do I redeem my units?
Investors can redeem their units by filling out the redemption form, which is available on our website or at our investor service centers.
Can I convert my units from one fund to another?
Yes, investors can convert their units from one fund to another by filling out the conversion form, which is available on our website or at our investor service centers.
What are the management fees?
The management fees are upto 1.75%, which are deducted from the fund’s assets on a daily basis.
Are there any other fees or charges?
Yes, there may be other fees or charges, such as sales loads, redemption fees, or switching fees, which are disclosed in the offering document.
Are the returns from the fund taxable?
Yes, the returns from the fund are taxable, and investors are required to pay tax on their gains and sales load, wherever applicable.
How are the taxes calculated?
The taxes are calculated based on the investor’s tax status and the applicable tax rates.
Is the fund Shariah-compliant?
Yes, the fund is 100% Shariah-compliant and is managed in accordance with Shariah principles.
Who is the Shariah advisor?
The Shariah advisor is Mufti Muhammad Hassaan Kaleem, a renowned Islamic scholar and expert in Islamic finance.
How can I contact the fund manager?
Investors can contact the fund manager through our website (www.luckyinvestments.com.pk), email (info@luckyinvestments.com.pk), phone (111-LUCKY1 (582-591)), or by visiting our investor service centers (main at Head Office located in the FTC Building https://g.co/kgs/fJscy7P).
What are the business hours of the investor service centers?
The business hours of the investor service centers are [9am to 5pm], Monday to Friday, excluding public holidays.
