Mutual fund

A mutual fund is a professionally-managed form of collective investments that pools

money from many investors and invests it in stocks, bonds, short-term money market
instruments, and/or other securities. In a mutual fund, the fund manager, who is also
known as the portfolio manager, trades the fund's underlying securities, realizing capital
gains or losses, and collects the dividend or interest income. The investment proceeds are
then passed along to the individual investors. The value of a share of the mutual fund,
known as the net asset value per share (NAV), is calculated daily based on the total value
of the fund divided by the number of shares currently issued and outstanding.

Mutual funds can invest in many different kinds of securities. The most common are
cash, stock, and bonds, but there are hundreds of sub-categories. Stock funds, for
instance, can invest primarily in the shares of a particular industry, such as technology or
utilities. These are known as sector funds. Bond funds can vary according to risk (e.g.,
high-yield junk bonds or investment-grade corporate bonds), type of issuers (e.g.,
government agencies, corporations, or municipalities), or maturity of the bonds (short- or
long-term). Both stock and bond funds can invest in primarily U.S. securities (domestic
funds), both U.S. and foreign securities (global funds), or primarily foreign securities
(international funds).

Most mutual funds' investment portfolios are continually adjusted under the supervision
of a professional manager, who forecasts the future performance of investments
appropriate for the fund and chooses those which he or she believes will most closely
match the fund's stated investment objective. A mutual fund is administered through a
parent management company, which may hire or fire fund managers.

Mutual funds are liable to a special set of regulatory, accounting, and tax rules. Unlike
most other types of business entities, they are not taxed on their income as long as they
distribute substantially all of it to their shareholders. Also, the type of income they earn is
often unchanged as it passes through to the shareholders. Mutual fund distributions of
tax-free municipal bond income are also tax-free to the shareholder. Taxable distributions
can be either ordinary income or capital gains, depending on how the fund earned those
distributions.

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Types of mutual funds
Open-end fund

The term mutual fund is the common name for an open-end investment company. Being
open-ended means that, at the end of every day, the fund issues new shares to investors
and buys back shares from investors wishing to leave the fund.

Mutual funds may be legally structured as corporations or business trusts but in either
instance are classed as open-end investment companies by the SEC.

Other funds have a limited number of shares; these are either closed-end funds or unit
investment trusts, neither of which is a mutual fund.

Exchange-traded funds

A relatively recent innovation, the exchange traded fund (ETF), is often formulated as an
open-end investment company. ETFs combine characteristics of both mutual funds and
closed-end funds. An ETF usually tracks a stock index (see Index funds). Shares are
issued or redeemed by institutional investors in large blocks (typically of 50,000).
Investors typically purchase shares in small quantities through brokers at a small
premium or discount to the net asset value; this is how the institutional investor makes its
profit. Because the institutional investors handle the majority of trades, ETFs are more
efficient than traditional mutual funds (which are continuously issuing new securities and
redeeming old ones, keeping detailed records of such issuance and redemption
transactions, and, to effect such transactions, continually buying and selling securities and
maintaining liquidity position) and therefore tend to have lower expenses. ETFs are
traded throughout the day on a stock exchange, just like closed-end funds.

Equity funds

Equity funds, which consist mainly of stock investments, are the most common type of
mutual fund.

Bond funds

Bond funds account for 18% of mutual fund assets.Types of bond funds include term
funds, which have a fixed set of time (short-, medium-, or long-term) before they mature.
Municipal bond funds generally have lower returns, but have tax advantages and lower
risk. High-yield bond funds invest in corporate bonds, including high-yield or junk
bonds. With the potential for high yield, these bonds also come with greater risk.

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Money market funds

Money market funds entail the least risk, as well as lower rates of return. Unlike
certificates of deposit (CDs), money market shares are liquid and redeemable at any time.
The interest rate quoted by money market funds is known as the 7 Day SEC Yield.

Mutual funds vs. other investments

Mutual funds offer several advantages over investing in individual stocks. For example,
the transaction costs are divided among all the mutual fund shareholders, who also
benefit by having a third party (professional fund managers) apply their expertise,
dedicate their time to manage and research investment options. However, despite the
professional management, mutual funds are not immune to risks. They share the same
risks associated with the investments made. If the fund invests primarily in stocks, it is
usually subject to the same ups and downs and risks as the stock market.

Mutual Fund Companies In Pakistan

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AKD Group is a dynamic and diversified group that not only provides a wide
range financial service, but also has interests in other sectors/ segments.
AKD Investment Managment Limited (AKDIML) is a wholly owned subsidiary and the
investment management arm of AKD Securities (Private) Limited, one of the leading
brokerage houses in Pakistan.

AKDIML is a member of the AKD Group, a diversified group of companies ranging

form Brokerage to ventures in Telecom/Oil & Gas and Real Estate. The AKD Group has
successfully demonstrated that they have been pioneers in the market in more than one
way by introducing online trading in Pakistan , by the launch of AKD Trade in November
2002, and by setting up Pakistan 's first venture capital company, TMT Ventures, in
February 2001

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Company Profile

AKD Investment Management Limited is the investment management arm of the

AKD Group and the wholly owned subsidiary of AKD Securities, one of the
leading brokerage houses in Pakistan, AKDIML was established in September
2004. In a short span of 3 years our rating has been enhanced to AM3+ (which
denotes Good Management Quality) by JCR-VIS., and the most trusted names in
the Asset Management Industry.
In September 2004, they have started with Rs. 200 million and since then it has
been a leader in providing innovative solutions to growing customer needs in a
dynamic market. Within a short time its assets under management (AUM) have
grown to Rs. 8.1 billion (26.10.07), all in open-end & close end funds.

Mission Statement
To provide investors access to investment opportunities through introduction of
innovative financial products, providing consistent risk-adjusted performance and returns
over time.

Company Information
AKD Investment Management Limited ("AKDIML") is a wholly owned subsidiary of
Aqeel Karim Dhedhi Securities (Private) Limited ("AKD"), the premier brokerage house
on the Karachi Stock Exchange. We are completely focused on allowing our clients to
fully benefit from the experience of our time-tested fund managers. Our fund
management team manages one of the oldest mutual funds (Golden Arrow) in the market
and is in the process of developing a range of cutting edge financial instruments.

Parent Company
AKD Securities is a leading securities firm providing financial services to a large and
diversified group of foreign and local institutional and individual clients. AKD Securities
is the top broker in equity sales and trading and a leader in raising and providing risk
capital in underwriting, market making and mergers & acquisitions in Pakistan.

Management Team

Faisal Bengali - Chief Executive Officer

Chief Executive Officer AKD Investment Management Limited ("AKDIML") has
assembled a seasoned and motivated team with a track record of global fund management
headed by Mr. Faisal Bengali. He has been working with AKD Securities since 1994 and
has provided investment advice to institutional fund managers and high net worth clients
as Head of Equity Sales & Trading of AKD. He enjoys close working relationship with
reputable foreign and local institutional clients.
Mr. Bengali has a Masters in Business Administration degree from Rice University,
USA.

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Abdullah Amin - Chief Investment Officer
Abdullah Amin has more than eight years of diverse finance and marketing experience.
Mr. Amin started his capital market career with equity research and then led the research
team at AKD Securities Limited. He then moved to equity sales catering to large
institutions and high net worth individuals. Prior to joining capital market, Mr. Amin has
also worked for Citibank and Interflow Communications. Mr. Amin holds an MBA
degree from Institute of Business Management, where he was awarded the Finance Gold
Medal for the year.

Imran Motiwala - Chief Operating Officer

Mr. Imran Motiwala has joined AKDIML, bringing with him over 11 years of combined
experience of securities broking and asset management in Pakistan. He has worked with
several leading companies from his beginnings with Ali Hussain Rajabali Limited to
sevicing institutional clients at a reputed global Investment Bank, JP Morgan, based in
Karachi. He then crossed over to the buy side by joining ABAMCO Limited in 2002 as a
fund manager, where his first assignment included the launching and managing of an
open-end income fund. Mr. Motiwala joined Crosby Asset Management (Pakistan)
LImited in 2003, as head of fund management, where his responsibilities included the
building of the entire business from establishing operational guidelines and policies with
focus on all facets of the business. Mr. Motiwala also led the team in launching their first
open-end equity fund, the Crosby Dragon Fund. Mr. Motiwala graduated from the
Southeastern University (Karachi Campus) in 1994.

Muhammad Amin Hussain – Company Secretary

Mr. Muhammad Amin Hussain is working as Company Secretary of AKD Investment
Management Limited. He is an Associate Member of the Institute of Cost and
Management Accountants of Pakistan. Before joining AKD Investment Management
Limited he was working as General Manager Corporate Affairs and Company Secretary
in Gul Ahmed Energy Limited for over five years. Preceding that, he was also involved
with Al-Noor Group of Companies for over nine years in the capacity of Senior Finance
Executive. His areas of expertise include finance, secretarial and taxation.

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 Investment Choices Today Your goal is to seek “inflation adjusted” annual
returns that helps your capital to grow while it is being preserved and you have
taken a calculated risk, investing at regular intervals.
You as an Investor are left with the following asset classes for investing your
wealth:

Bank
Although bank deposits are liquid, their downside is a rate of return of
Deposit 6~10% per annum (approx) that's almost equal to inflation.
Fixed
s
The fixed income returns range from 9~11%, slightly beating
Income inflation and providing a low risk alternative to bank deposits.
Instrum Through sometimes the tenure is long and the liquidity isn't there.
ents Direct investment in Real state is an unregulated and a very illiquid
Real investment avenue. Regulated real estate investment trusts are still
Estate awaiting regulatory approval and are not available in Pakistan.
Pakistan's capital market has matured significantly over the last
decade Capital Market has returned 51% plus per annum over the last
Equities five years, 35% in 10 years, 16% in 25 years, the daily traded volume
is averaged over $270 million.

AKD Investment Ideology

Equities
Our core investment decisions are based on strong fundamentals and extensive
research, the investment in our equity portfolios is built on the following key
methodology:
Sector wise Comparison
Global Comparison
Corporate Earnings growth potential
Price to earning ratio
Dividend yields
Fixed Income
AKDIML is proud to have a high level of competence on investing in all asset
classes, including equity and debt securities, our philosophy of investing in fixed
income securities is based on
High yield
Keeping quality
Preservation of capital

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AKD PRODUCTS

Mutual Funds

AKDIML is the highest value provider of Investment Services in Pakistan. We

are currently managing one of the oldest mutual funds in Pakistan. We have
several innovative financial instruments that will be launched shortly. In
addition, we specialize in designing customized investment plans for high-net
worth clients.

Golden Arrow Selected Stocks Fund Limited

Fund Type: Closed End (Equity Focused)
Strategy: Conservative
Fund Size: PkR 1 bn (approx)

AKD Index Tracker Fund

Fund Type: Index Tracker - Open Ended
Underlying index: KSE-100
Net Assets as of June 30, 2007: PkR 1,057 Mn

AKD Opportunity Fund

Fund Type: Open End (Equity Focused)
Strategy: Aggressive
Fund Size: PkR 1.12 bn (as of June 30th, 2006)
Target by ’07: PkR 3 bn

AKD Income Fund

Fund Type: Open End (Fixed Income)
Strategy: Aggressive
Fund Size: PkR 1.20 bn (as of March 27th, 2007)
Target by ’07: PkR 5 bn

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AKD Index Tracker Fund, to track the returns of the KSE-100 index up to 96%
accuracy, providing investors with a high quality, in-depth diversification
instrument.
AKD Index Tracker Fund

Introduction
Fund Type: Open Ended
Underlying index: KSE-100
Net Assets as of June 30, 2007: PkR 1,057 Mn

Sticking to our vision of innovation, AKDIML was the first management

company to bring an “Index Fund” to the Pakistani capital markets.

AKDIML launched AKDITF in the fourth quarter of 2005 as a closed-end

mutual fund tracking the KSE-100 index. Index funds are ideal for institutional
and retail investors, as they offer an in-depth, well diversified and transparent
instrument, at a low cost, versus individual stock picking.

An Index fund is a mutual fund that seeks to produce the same return that
investors would get if they owned all the securities in a particular index, in the
case of AKD Index Tracker Fund, the fund is tracking the KSE-100 index.

Majority of institutional and retail investors measure their performance by

benchmarking it to an index. It is very difficult to consistently outperform an
Index. In Pakistan, most Mutual Funds have failed to consistently outperform
the KSE-100 Index in the long-run.

AKDITF invest its funds in equities, which are components of the KSE-100
Index in the same ratio as prescribed by the KSE (which is based on Market
Capitalization). SECP allocated 90 days for the one time investment to ensure
that the investment in individual stocks is done in a staggered, balanced
manner, eliminating any chances for stock or market run-up. The Fund
rebalances itself semi-annually according to the exact changes made in the
KSE-100 index. As per practice Karachi Stock Exchange notifies the

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composition of 100-Index 15 days prior to the implementation. This gives
AKDIML enough time to re-arrange its portfolio. To bring such exposure in
line with the prescribed limit, AKDITF reserves the prerogative to sell the right
allotment letters also. The Fund will not switch from one security to another on
any circumstance, except where there is a re-composition in the KSE-100
index.

With a growing economy fueling Pakistan’s emerging markets, AKD Index

Tracker Fund provides an excellent avenue for investors to participate in the
growth of KSE-100 index.

The Board of Directors of AKD Investment Management Limited decided to

convert the Fund into an Open-end Scheme. The prime objective of this
conversion into an open-end fund was to provide maximum benefit to our
Certificate Holders by:

- Reducing the discount between the Fund’s Net Asset Value against the
secondary market quoted price.
- Enhance liquidity at a fair price (Net Asset Value)

JUNE 2007

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JULY 2007

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AKD Income Fund is a dedicated fund that focuses primarily on fixed income
securities and instruments. The objective of AKDIF is to offer investors an ideal
vehicle to invest in a diversified portfolio of fixed income securities/instruments
that provide consistent optimum returns with concern for preservation of capital.

AKD Income Fund

The Business Concept

The core business of an asset management company is to manage “assets” and
hence AKD Investment Management Limited remains focused on introducing
products that can cater all investor risk profiles, besides using technology to
making investments more convenient and timely.

However, our foremost priority is to provide a complete family of funds and

currently the funds under management of AKDIML are all essentially equity
funds and hence in order to fulfill our objective, our next step has been to
introduce the AKD Income Fund.

The Fund
The AKD Income Fund is in essence a dedicated fund that will focus on
primarily one asset class that is fixed income securities and instruments.
Essentially, a fixed income security's principal and return is guaranteed or
predetermined. Therefore, the risk profile of a fixed income fund compared to
an equity fund is considerably less.

The objective of the AKD Income Fund shall be to offer investors an ideal
vehicle to invest in a diversified portfolio of fixed income
securities/instruments that provide consistent optimum returns with concern for
preservation of capital.

Investment Strategy
The Management Company (AKDIML) will invest in a mix of the following
fixed income securities and instruments after weighing expected yield against
period of deployment in light of the objective of the Fund:

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 • Government of Pakistan Investment Bonds, Federal Investment Bonds,
Treasury Bills and other Government Securities.
• Long and medium term Bank deposits with banks.
• Units in any other collective money market and/or fixed income scheme.
• Convertible debt securities.
• Convertible and Non-Convertible Preference Shares.
• Certificates of Investment /Deposits issued by financial institutions having
a minimum investment grade rating.
• Continuous Funding System (CFS), which shall not at any time exceed
50% of the Net Assets of the Scheme.
• Participate in arbitrage opportunities as presented between the regular and
future markets.
• Enter into Reverse Repo Transactions provided the underlying security is
an Authorized Investment.
• Any other Authorized Investment.

Investment Restrictions
The essential investment restrictions that will apply to AKD Income Fund are
as follows:

• The Scheme shall not invest more than 25% of its Net Asset Value in any
one sector as per classification of the pertinent stock exchange(s).
• The Scheme can invest up to 50% of its Net Asset Value in Government
Securities.
• The Scheme can deploy up to 50% of its Net Asset Value into CFS.
• Investments in other unit trust scheme by the Fund shall not exceed 10% of
the Net Assets of the AKD Income Fund.
• Investment of the Scheme in any issue shall not at any time, exceed an
amount equal to 10% of the Net Asset Value of the Fund at the time of
investment or 10% of any issue of the investee company.
• Purchase any security on margin.
• Effect a short sale in any security.
• Any other restriction defined in the Rules, Trust Deed or directive issued by
the Securities and Exchange Commission of Pakistan from time to time.

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Golden Arrow Selected Stock Fund disciplined and balanced fund management
strategy focusing on fundamentally strong companies offering deep-value, coupled
with few cherry-picked growth companies.

Golden Arrow

Introduction
Fund Type: Closed End (Equity Focused)
Strategy: Conservative
Fund Size: PkR 1 bn (approx)

GASSFL is Pakistan’s oldest privately held closed-end mutual fund and it was
acquired by AKDIML in September 2004. Following a conservative philosophy
of only investing in under-valued stocks, offering deep value, coupled with a

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 few cherry-picked growth companies, GASSFL has shown one of the industry
leading performances, since coming under AKDIML’s management control.

AKD Opportunity Fund filters through the opportunity presented in the capital
markets, searching for the optimal combination of investment strategies, mainly in
equities, followed by fixed income and money markets as contingent defensive
strategy.

AKD Opportunity Fund

Introduction
Fund Type: Open End (Equity Focused)
Strategy: Aggressive
Fund Size: PkR 1.12 bn (as of June 30th, 2006)
Target by ’07: PkR 3 bn

AKDOF is AKDIML’s first open-end fund, launched in Q1 2006. AKDOF filters

through the opportunities presented in the capital markets, searching for the
optimal combination of investment strategies, mainly in equities, followed by
fixed income and money markets to ensure we provide consistent, industry leading
returns

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Earning Mechanism
• CAPITAL GAINS
Realized through encashment of units with appreciation in NAV
• B
• ONUS UNITS
• The Fund declares Dividend at Year-end in the form of Bonus Units
• These Bonus Units are Credited to the Unit holder’s Outstanding Units,
which may be encashed at will

Private Wealth Management

AKDIML offers personalized wealth management to high net-worth
individuals. Our expert investment advisors manage risk/return adjusted
individual portfolios, tailored to their needs.

The Benefits of using an Investment Advisor/Asset Manager

The main challenge of today’s market

With the advent and growth of the mutual fund industry, investors today have a
variety of investment options and products to choose from. Your challenge as a
prudent investor is to cut through the clutter to choose what’s best for you. This
can be achieved by employing the expertise of an investment Advisor who will
assess your risk appetite and balance/diversify your investments in a way that
you optimize your returns.

The cost of taking investment decisions yourself

Investors who choose to invest on their own might find they lack the time,
knowledge, and expertise to make informed decisions. In fact, these investors
may actually jeopardize their ability to meet long term financial needs and
objectives due to the haphazard nature of their investment strategy. Investing on
your own could mean:

You rely on rumors and other third party information (and sometimes
misinformation) to make important
investment decisions, causing you to buy high and sell low.

. You loose out on valuable opportunities as market conditions change and you are
not in touch with the
mainstream information flow.

. You waste time and energy as investing is NOT your core competence and you

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have partly ignored your main
business.

. You feel uneasy about market volatility, thus you decide to move out of your
equity investments, and miss out
on market opportunities.

The value of seeking advice

No matter what goals, time horizon, or tolerance for risk, your financial advisor
has the professional expertise and insight necessary to help you map out an
investment strategy to meet your financial objectives. As your needs change over
time, your advisor will be with you every step of the way, monitoring your
investments and guiding you through new opportunities. In times of volatility and
uncertainty in the market, you will get the support you need to maintain your long
term perspective and keep your investment plan on the right track.
What to expect from a Financial Advisor

Understanding your needs

It is your financial advisor’s job to gain a thorough understanding of your short
and long term financial goals, and to develop the appropriate investment strategies
for you. To do so, he or she will work with you to define your risk tolerance,
financial needs and time horizon for investing.

Develop the right Investment Strategy

Based on your needs, your financial advisor can help you design a well-diversified
asset allocation strategy. From an aggressive growth oriented strategy to a steady,
low risk, income generating investment plan.

Monitoring your Investments

Your financial advisor will monitor the performance of your investments,
recommend adjustments as your needs evolve, and be on a look out for new
opportunities. Financial advisors have access to information that may not be
available to you as an individual investor, such as specialized research reports,
economic analysis, technical chartists and detailed performance data of
corporations that can help them identify appropriate investment opportunities,
optimizing your return potential.

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 Investment Procedure

On Shore Investment
Branches of authorized Distribution Companies and can be purchased at the
Offer Price and redeemed at the Redemption Price announced by AKD
Investment Management Limited on any Business Day as defined in the
Offering Document.

The following Forms have been drafted by AKD Investment Management

Limited to service you better:

• Investor Account Opening Form – Prior to any investments all applicants

are required to first complete the Investor Account Opening Form. The
applicant shall be required to provide bank details and instructions for
treatment of payouts from the Fund. The following documents would be
required from the applicant:

Required Documents
Individuals 1. National Identity Card (NIC) Copy of Principal and Joint
Holders
2. Copy of Passport for Foreign Nationals
Institutional/Corporate 1. NIC Copies of Authorized Signatories
2. List of Directors and Officers
3. List of Directors and Officers
4. Copy of Certificate of Incorporation/Registration
5. Copy of Certificate of Commencement of Business
6. Certified Copy of Board Resolution
7. Membership Certificate (in case of Sole Proprietorship)
8. Partnership Deed and Certificate of Registration (in case of
registered partnership firm)
9. Power of Attorney (Notarized and on Stamp paper)
10. Copy of Memorandum & Articles of Association/ Bye Laws/
Trust Deed

Following the completion of this Form the Management Company shall allot a
Registration Number to the applicant. Note the Registration Number allotted
thereof shall be indicated in the receiving copy of the Form.

• Purchase of Units Form – Investors shall complete the Purchase of Units

Form indicating amount the applicant wishes to invest and the mode of

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 payment, which shall include account payee cheque, payorder, demand
drafts or bank transfers. Note that all payments shall be made in favor of
“CDC – Trustee AKD Opportunity Fund”; however, for bank transfers
applicants are requested to contact us for account details of the Fund. Units
can be purchased at the Offer Price announced on the day a completed
application is received by the Distribution Company. Applicants shall also
indicate whether their investment be in Book Entry Form confirmed
through an Account Statement or Physical Certificate issued by the
Registrar.

• Redemption of Units Form – Applicants wishing to sell their Units can do

so by completing the Redemption of Units Form. Units shall be redeemed
at the Redemption Price announced on the day the application is received
by the Distribution Company. Proceeds shall be deposited as per the bank
details provided in the Investor Account Opening Form.

• Service Request Form – Investors wishing to amend any details provided

in the Investor Account Opening Form, change in Units processing or
change in certificate processing can do so by completing the Service
Request Form.

• Pledge of Units Form – Investors can pledge units in favor of a third party
by completing the prescribed form and submitting to the Distribution
Company.

Applicants can download Forms from our website (www.akdinvestment.com) and

mail the same to us with the required documents or payments (if applicable) at the
registered office of AKD Investment Management Limited or visit any of our
Authorized Distribution Companies. Note, that all Forms submitted through the
mail to us, a copy of the Form confirming receipt, shall be mailed back from AKD
Investment Management Limited.

For further details applicants residing in or outside Pakistan are advised to refer to
Clause 4 of the Offering Document for details of investing in the Fund and
respective guidelines attached with each Form.

All applicants residing in or outside Pakistan shall be required to provide

details of a bank operating in Pakistan for their Redemption Proceeds and
Dividend Payouts from the Fund.

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Procedure for Off-shore Investments
Appreciating the needs of our investors is a top priority at AKDIML and
therefore, establishing a system enabling off-shore investors to freely invest and
repatriate was essential. Needless to say, we are now very excited about being
able to market our products globally.

We have tried to establish a system of investing which is simple and

convenient, note the following steps in this regard:

1. Completing Forms

The following Forms, which are quite self explanatory, shall need to be
completed by the applicant:

a. Investor Account Opening Form – applicants will need to first open an

account with our Company, which is essential prior to any investment. The
applicant shall be required to submit identification documents like passport
copy or any other documents or information required to verify the
applicant's identity.

b. Purchase of Units Form – for investments in our funds highlighting the

Fund (applicable for AKD Opportunity Fund only for now) the applicant
wishes to invest in with amount.

c. Redemption of Units Form – for redeeming investments from the Fund

invested in, highlighting number of units to be disinvested.

Note, the Investor Account Opening Form and Purchase of Units Form can be
submitted together and there is no requirement that an account first has to be
opened with our Company.

2. Price Allocation

• Purchase of Units – The Offer Price allocated to an application will be the

price announced by us on the day proceeds are realized in the Fund's
account, net of any taxes or bank charges.

• Redemption of Units – The Redemption Price allocated to an application

will be the price announced by us on the day the application is received by
us.

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Note, the Offer and Redemption Prices, with price history is available on our
website ( www.akdinvestment.com ).

3. Procedure for Sending Forms

For the convenience of our investors you can download all of the forms
mentioned above from our website and have the choice of either faxing,
couriering or even emailing scanned copies to our office, please note our
contact details for this purpose:

• Website: www.akdinvestment.com
• E-mail: info@akdinvestment.com

Fax Kindly note, after faxing or emailing any document, at least the Original
Investor Account Opening Form with identification documents shall be
required to be sent at our office through courier services, at the following
address:

4. Payment and Repatriating Procedures

We have appointed a designated banker in Pakistan - Mybank Limited - of our

Fund. Please select from following the currencies in which you would like to
purchase units from :

• Applicants can through T.T (Telegraphic Transfer) remit proceeds for

investment in the aforementioned bank account.

At the time of Redemption, proceeds shall be repatriated to your bank as

per the details provided in the Investor Account Opening Form.

The Authorized Dealer shall convert foreign exchange into Pak Rupees for
investments or purchase foreign exchange for redemptions at the rates
quoted by the Authorized Dealer on the day either proceeds are realized or
required for outward remittance.

5. Services Provided

An Account Statement shall be issued at the time of investment and

whenever there is a change in the applicant's account, which will indicate

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 details of investment, redemptions and balance of Units (if any) held at
current value. The Account Statement can also be viewed through our
website, for which a User ID and password is provided to clients following
their investment.

Advantages of Investing Mutual Fund

• Liquidity
• Pledging of Units
• Inflation adjusted return
• Tax Advantage (Corporate & With holding)
• Time Disbursement of Redemption Proceeds
• Active & Professional Management
• Units are assets backed
• Diversified Portfolio

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Distribution Network

. AKD Investment Management Ltd.

. AKD Securities
. Bank of Punjab
. INTERBANK
. Access Financial Services (Pvt.) Ltd.
AKD Investment Management Ltd.

Head Office
606, 6th Floor, Continental Trade Centre
Block-8, Clifton, Karachi. Pakistan.
092-021-111-253-465
Fax : (92-21)-5373217, 5303125

AKD Securites (Pvt.) Ltd

Karachi Office -- Head Office

Suite #. 214, 2nd Floor , Continental Trade Centre
Block-8, Clifton, Karachi, Pakistan
UAN : 111-253-253
Fax : (92-21)-5836517

Islamabad Office
M-4, Islamabad Stock Exchange Building
101-E, Fazal-e-Haq Road, Blue Area, Islamabad - Pakistan
UAN : 111-253-253
Fax : (92-51) 227-6621

Lahore Office
512,513
5-Floor, Lahore Stock Exchange Building,
19, Khayaban-e-Aiwan-e-Iqbal Road,
Lahore - Pakistan
UAN : 111-253-253
Fax : (92-42) 628-0745

Bank of Punjab

Lahore Office
Main Branch, Lahore
Telephone : 042-9200419, 9200383
Fax : 042-9200351
Model Town, Lahore
Telephone : 042-9230254, 9230451
Fax : 042-9230927
LCCHS, Lahore
Telephone : 042-5741792, 5722885

Sialkot Office
Railway Road, Sialkot.
Telephone : 052-9250097, 9250098
Fax : 052-9250096

AGHA
 Multan Office
Quaid-e-Azam Road
Multan Cantt.
Telephone : 061-9200889, 9200057
Fax#: 061-9200886

Gujranwala Office
Trust Plaza
Gujranwala
Telephone : 055-9200362, 9200366
Fax #: 055-9200363

Faisalabad Office
Railway Road
Faisalabad
Telephone: 041-9201194, 9200466
Fax: 041-9201195

Sahiwal Office
Rashid Minhas Road
Sahiwal
Telephone: 040-4220523
Fax: 040-4465171

Islamabad Office
Jinnah Avenue
Islamabad
Telephone: 051-2878269, 2823997
Fax #: 051-2878268

Mirpur Office
Allama Iqbal Road
Mirpur
Telephone: 058610-44809
Fax #: 058610-47547

Peshawar Office
Saddar Road
Peshawar
Telephone: 091-5284260, 5274878, 5286774, 5284131
Fax #: 091-5276016

First International Investment Bank Limited (INTERBANK)

Karachi Office
7th Floor, Shaheen Commercial Complex,
Dr. Ziauddin Ahmed Road , Karachi -74200.
E-mail: fiibl.khi@interbank.com.pk

Lahore Office
Ground Floor, 5 F.C.C,
Syed Maratib Ali Road , Gulberg, Lahore .
E-mail: fiibl.lhr@interbank.com.pk

Islamabad Office
Mezzanine Floor, Razia Sharif Plaza ,
90 - Blue Area, G-7, Islamabad .
E-mail: fiibl.isl@interbank.com.pk

AGHA
 UNIVERSAL ACCESS NUMBERS
Telephone: 111-234-234
Fax: 111-567-567

Access Financial Services (Pvt.) Ltd.

414, Clifton Centre,

Block-8, Clifton, Karachi, Pakistan
Phone : (92-21) - 5377741
Fax : (92-21) - 5377745

AGHA