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UGIF is an open-ended mutual fund which invests in fixed income instruments like PIB's, T-Bills, term
finance certificates and other medium to long term fixed income securities.It can invest upto 30% of
fund size or US$ 15 million; whichever is lower, in authorized investments in markets outside
Pakistan (subject to regulatory clearances).The entire seed capital of Rs. 250 Million is invested by
UBL. Trustee for UGIF is Central Depository Company of Pakistan Limited and Auditors are Ford
Rhodes Sidat Hyder & Co.
The Investment objective of the scheme is to generate returns keeping a balance of income and
growth, while preserving the capital over the long term by investing in diversified medium to long
term fixed income instruments
• Attractive returns compared to long term fixed deposits & similar saving schemes
• Investment in UGIF is tax free (from deduction of Capital Gains Tax (CGT) if held for more
than 12 months (1 year).
• Income Units
Growth Units:
Growth Units are ideal for investors seeking capital growth with no immediate liquidity needs. It is
for growth-oriented medium to long-term institutional investors like Provident Funds/Gratuity
Funds/Retirement Funds. Growth Units are also for individual investors planning for:
• Children's marriage
• Home ownership
There is no front-end load on Growth Units. These units can be encashed or transferred at the
offered value with an applicable back end load (or exit charges). The quantum of back end load
decreases with the tenure of the investment. After three years of investment no back end load
would be charged.
Income Units:
Income Units aim to provide a high level of income at the same time endeavoring to preserve the
capital. Income Units promise a higher return as compared to fixed deposit accounts and other
similar fixed income schemes. It is for income-oriented medium to long term institutional investors
like:
• NGOs
Also, for individuals looking for higher regular income to meet expenses such as:
• Household expenditures
• School bills
The investor in IU would be charged a flat one time front end sales load of 1.5% at the time of
buying the units and with the passage of time this load will be covered with the profit the investor
would make through increase in Net Asset Value (NAV) or the daily unit price. These units can be
encashed or transferred at the offered value as the exit is load free.