What are Mutual funds?

Mutual funds are a investments consisting of a pool of money collected from many investors to invest on the customer’s behalf in, money market instruments, etc.
The objective of mutual funds is to generate returns for investors.

What are the benefits of investing in mutual funds offered at Zindigi?

Mutual funds make saving and investing simple, accessible, and affordable. The advantages of Mutual Funds at Zindigi include the following:

Accessibility:Mutual Funds are available for you round the clock at Zindigi, with a digital investment platform that makes your transactions very simple.
Liquidity:You can convert your investments into cash whenever you want. We will transfer the money to your wallet within the 2-3 working days.
Diversification:Your investments are spread across multiple asset-classes and instruments; reducing your risk
Professional Management:An experienced, qualified, and dedicated fund managers performs these functions to ensure our investor’s money is in the best hands.
Low Risk:Your money is invested in different money market instruments due to which risk is reduced.

Will be zakat deducted on my investments?

Yes, Zakat will be deducted at the time of redemption or on the profit earned on Mutual funds. If you want Zakat to not be deducted, please submit “Zakat Exemption Declaration” Form (CZ-50) before 1st of Ramazan via Zindigi app.

To whom do I contact if I have query or complaints?

You can contact us through.

In-app chat feature.
UAN: 111-556-677.
Email: Support@zindigi.pk
You can also message us on Facebook and Instagram.

What to expect immediately after investment?

You will receive the Email and SMS to confirm your investments.
Within 2-3 days you can view your money in the portfolio.

What will be the proof of my investments?

You will be issued a system generated Account Statement which will be a proof for your investment with mutual funds through Zindigi.

Do we need to create a separate account for Mutual Funds after signing up for Zindigi Account?

No, you don’t have to create a separate account for mutual funds. We will receive your application automatically once you apply for mutual funds at Zindigi.

What will be the procedure to transfer money from one fund to another within Mutual Funds at Zindigi?

You can find the convert option next to invest option once the investment is done. You can convert from one fund to another fund any time by following the guideline given below:

Log onto your Zindigi app
Go to mutual funds option
Press the invest option and you will land on the screen with invest and convert option
Upon clicking the convert option, you will land on the convert screen.
Fill the given fields below and unit price of both funds will be read-only
Press next and review the transaction details
Add your 4-digit Pin and receive your transaction receipt.

In how many days the conversion of funds will take place?

It will take 2-3 working days to show conversion of funds on your portfolio.

What is the procedure to cash out the investments?

You can perform the cash out option from your investment in mutual funds at any time. You have the option to withdraw the complete amount, or any amount based on your requirements by following the guide:

Log onto your Zindigi app
Go to mutual funds option
Select the fund you wish to cash out
Press the cash out button available on the Mutual fund landing page
Select the fund you wish you withdraw with units/ percentage or amount of the fund
Upon clicking next button, confirm the transaction details
Add your 4-digit Pin and receive your transaction receipt.

How long does it take to cash out/ withdraw my mutual Funds?

It takes upto 2 business days to transfer your funds to your respective Zindigi Account

Can I get loan against investments in mutual funds?

Yes, you can get loan against your mutual funds through Zindigi app

When can I start investing in Zindigi Mutual funds?

You can perform the cash out option from your investment in mutual funds at any time. You have the option to withdraw the complete amount, or any amount based on your requirements by following the guide:

Once you open the Mutual funds, you have to apply for start investing. It can take 24 working hours to activate your account.
You will receive a notification once the account is active, you can start investing. Amount will be deducted on your behalf from the wallet.

When amount deducted will be shown in my portfolio?

Deducted amount is not shown instantly, it can take upto 2-3 business days to be shown in your investment portfolio

Are there any limits on investment/ withdrawal transactions?

The minimum amount you can invest /withdraw in a single transaction is a unit price of a fund while the maximum is PKR 25,000 per day.

Is there any annual limit on investing?

Maximum annual investment limit can be up to PKR 100,000 during last one year, starting from the date of account creation and this limit will be reset every year. In case of withdrawal during the year, the annual limit will prevail as per the utilization will not be reset.

Is there any cumulative investment limit at any point in time for investment in mutual funds through Zindigi?

Maximum cumulative investment limit. i.e. net investment in flow is PKR 200,000 at any point in time

What if I have utilized my entire annual limit (PKR 100,000) and withdrawn half of it (PKR 50,000) can I invest more?

No, you cannot invest more even if you have withdrawn the amount.

Mutual Funds

How to Invest?

Tap on Mutual Funds

Register

Invest in Different Fund Types

Successful Investment

Check Performance of Fund

Cashout Funds

Mutual Fund Types

JS Income Fund

JS Islamic Income Fund

JS Cash Fund

Services Charges

Frequently Asked Questions