The unit holders have the right to obtain a refund of their first time investment (Cooling off) in a particular open end mutual fund; This right is available to individual unit holder only; The cooling off period shall comprise of three business days commencing from the date of issuance of initial Account Statement to the unit holder; The cooling off right shall be exercised by the unit holder upon written request (referred to the concerned clause of redemption)to NBP Funds within the time specified in above mentioned point; The refund of every unit held by the unit holder pursuant to the exercise of a cooling off right should be an amount equal to NAV per unit applicable on the date the cooling off right is exercised which is payable within six business days from the receipt of written request; NBP Funds shall refund the Front end load ( Sales Load) paid by the unit holder, however contingent load (Back end load) will be payable by the unit holder where applicable.
I understand that if fund to fund transfer request is submitted after the cut-off timings, that transaction will be processed on the next working day and that I would not hold NBP Funds and Trustee responsible for any loss consequent to such processing of fund to fund transfer request on the next working day.
In case of submission of Instruction in respect of Services, the NBP FUNDS system date and time stamp will solely be considered and given precedence to determine the cut-off time in which the application request is submitted and the applicability of the NAV on the transaction. NBP FUNDS will not be responsible for any network or system delays in submitting and receiving the application request.
I accept that my investments is subject to market risks and a target return / dividend range or capital protection cannot be guaranteed. I clearly understand, agree, acknowledge and accept that my investment is subject to market price fluctuations and other risks inherent in all such investments. The risks emanate from various factors which include, but are not limited to, market risks, government regulation risks, credit risks, liquidity risks, settlement risks, redemption risks, Shari’ah non-compliance risks, dividend distribution taxation risks, and changes in risks associated with trading volumes, liquidity and settlement systems in equity and debt markets. Past performance is not necessarily indicative of future results. Investment in mutual funds are not bank deposits and are neither issued by, insured by, obligation of, nor otherwise supported by SECP, any Government Agency, Trustee (except to the extent specifically stated in the constitutive documents) or any of the shareholders of NBP Fund Management Limited or any of the Pre-IPO Investors or any other bank or financial institution. For further details, please refer to the detailed risk disclosures and disclaimers contained in the Offering Documents/Supplementary Offering Documents and the latest Fund Manager Report available on our website or by calling or writing to us. The use of the name and logo of National Bank of Pakistan does not mean it is responsible for the liabilities/ obligations of the Company (NBP Fund Management Limited) or any investment scheme managed by it.
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