Karachi: Faysal Funds has announced a delay in the transfer of management rights for several of its conventional funds, which was originally scheduled for August 12, 2024. According to information available from the Pakistan Stock Exchange (PSX), the deferment affects a wide range of funds including Faysal Financial Sector Opportunity Fund, Faysal Income & Growth Fund, and Faysal Financial Value Fund, among others.

The notice, a follow-up to the initial announcement made on July 09, 2024, affects 12 funds in total. These include Faysal Savings Growth Fund, Faysal MTS Fund, Faysal Money Market Fund, Faysal Stock Fund, Faysal Government Securities Fund, Faysal Pension Fund, Faysal Cash Fund, and Faysal Asset Allocation Fund. Additionally, the deferment applies to Faysal Special Savings Plan-1, Faysal Special Savings Plan-11, and Faysal Special Savings Plan-Ill, all under the Faysal Special Savings Fund.

Faysal Funds has committed to keeping investors updated on the progress of this transition through further notices on their website.