National Asset Management Company Limited (NAMCO) - a Non-Banking Finance Company (NBFC) was incorporated on October 27, 2005 as a public limited unlisted company under Companies Ordinance 1984, with an authorized capital of Rupees 250 million and a paid up capital of Rupees 100 million.
National Asset Management Company Limited.All Rights Reserved. All investments in mutual fund are subject to market risks. The NAV of units may go up or down based on the market conditions. Past performance is not necessarily indicative of the future results. Please read the Offering Document to understand the investment policies and the risks involved.
Disclosure under regulation 65 of NBFC Rules
The Non-Banking Finance Companies and Notified Entities Regulations, 2008 notified by the SECP require under clause 65 of such regulations that a closed end fund shall, upon expiry of 5 years from 21 November 2007, hold a meeting of certificate holders to seek the approval of the certificate holders (by special resolution) to convert into an open end scheme or revoke the closed end scheme.
This is to inform to valued investors that above regulation will be applicable on our closed end fund, NAMCO Balanced Fund, in the current calendar year i.e. 21 November 2012.
Further, to comply with the Regulation 65 of the NBFC Regulations, the Company will hold a meeting of the certificate holders by December 21, 2012.
In this regard, all the Regulatory requirements will be complied and disclosed in due course of time.