UBL Funds launches the Wealth Builder Plan
UBL Funds, under its Smart Investment Plans’ umbrella has launched the UBL Wealth Builder Plan. The Wealth Builder is designed keeping in mind the need of investors for a lump sum and/or regular contribution plan that builds over time and is ideal for those who are not investment savvy but still want to capitalize on attractive returns.
The plan also offers investors the option to choose from three different investment options as per their plan and risk appetite allowing the investor to pan out their portfolio either 1) Aggressively; In which 25% of the funds are retained in government securities while 75% are invested in equities. 2) Moderately; through which 50% of the funds are invested in each market of 3) Conservatively; in which 75% of the funds are kept in government securities while 25% are invested in the equity market
CEO, Mir Mohammad Ali, CFA on the launch of this plan, said: “The UBL Wealth builder suits a wide group of people in various stages of their careers and life. The systematic investments feature assures that over time and with regular contributions, investments will grow to an extent that will greatly assist in achieving their financial objectives in life.”
UBL Wealth Builder Plan not only offers a Shariah-Compliant Islamic version but also boasts attractive features such as a moderately low account opening balance of Rs. 20,000 and easy minimum subsequent payments of just Rs. 2000 with no penalties on irregular payments or application of any withdrawal charges to allow investors maximum liquidity.