NBP Islamic Daily Dividend Fund stands 1st to park your cash in Money Market

January 13, 2020

NBP Islamic Daily Dividend Fund took a lead amongst all others by standing at 12.09% total returns versus the benchmark return of 5.72%. The funds’ Net Asset Value (NAV) pegged at Rs.10 per share in November 2019. Around 68% of net assets of the fund are invested in bank deposits which enhances the liquidity profile of the fund. Some investment of around 16% is allocated in short term Sukuk. The fund has had its fund’s stability rated at ‘AA (f)’ by the Pakistan Credit Rating Agency (PACRA). click here to read more