Are we required to pay Zakat on the amount in the Investment Fund?
When it comes to owning shares and investment funds, for long-term investment without the intention to resell, Zakat is only due on the dividend income received. This applies under the assumption that all your investments are Shariah compliant.
However, if you hold shares primarily for capital appreciation and with the intention to resell them, then their market value should be included in your Zakat calculation.