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NBP Financial Sector Income Fund

(Formerly NAFA Financial Sector Income Fund)
Investors earned 12.6% p.a profit in September 2019*

Investment Objective

NBP Financial Sector Income Fund (NFSIF) aims to provide income enhancement and preservation of capital by investing in prime quality Financial Sector TFCs/Sukuks, Bank deposits and short-term Money Market instruments.

About the Fund

NFSIF is a unique investment solution that provides better profits compared to standard saving options by investing primarily in Financial Sector Debt instruments, and bank deposits.

The Financial Sector represents industries such as Banks, other Financial Institutions, Insurance Companies etc. Investing in such industries not only has low risk because they are heavily regulated but also offer attractive profit rates on instruments issued by them. By investing a minimum of 70% of its assets in such financial sector instrument with no lock-in period, NFSIF is a great investment solution for investors.

Benefits at a Glance

  • Better profits compared to other saving options
  • No Lock-in period, withdraw investment at any point without any penalty
  • Professional management of your savings by expert Fund Managers with a proven track record
  • Avail up to 20% tax savings on your investments subject to conditions as per section 62 of Income Tax Ordinance 2001
  • Optional Life and Accidental Insurance Coverage of up to Rs. 50 lacs (Terms & Conditions Apply).
  • No Back End Load

Choose this fund if you want to

  • Invest in Financial Sector fixed income securities
  • Attractive returns compared to other saving schemes
  • Keep your investment liquid, Withdrawl at any time without penalty.
Fund Facts
Launch date October 28, 2011
Category Open End Income Fund
Fund Size Rs. 6,037 million as at 31st July 2019
Risk Profile Low
Stability Rating ‘A+(f)’ by PACRA
Management fees 6% of net income (min 0.5%p.a, max 1.5%p.a.)
Benchmark 6-Month KIBOR
Dealing Time (Mon-Thurs) 9:00AM to 5:00PM
(Friday) 9:00AM to 5:00PM
(Saturday) 9:00AM to 1:00PM
Load Front End Load (Individual): 1%,
(Nil on investment above Rs. 26 million)
Front End Load (Other):1%
(Nil on investment above Rs. 16 million)
Back End Load: Nil
Minimum Investment Growth units – Rs.10,000/-
Income units – Rs.100,000/-
Listing Pakistan Stock Exchange
Fund Manager Muhammad Ali Bhabha, CFA, FRM
Asset Manager Rating AM1 by PARCA (Very High Quality)

*Benchmark return during September 2019 was 14% p.a. Since inception return from 28-Oct-11 till 30-Sep-19 was 8.8% p.a. vs. benchmark return of 8.3% p.a. Last one year return till 30-Sep-19 was 10.9% p.a vs benchmark return of 11.7%p.a. Returns for fiscal year 2019, 2018, 2017, 2016 and 2015 were 9.3% , 6.0% , 8.4% , 6.4% , 10.9% respectively vs benchmark returns of 10.2% , 6.3% , 6.0% , 5.9% , 8.3% .; Disclaimer: All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Document to understand investment policies and the risks involved.

FUND PRICES-NAV (Oct 17, 2019)

NBP FINANCIAL SECTOR INCOME FUND (FORMERLY: NAFA FINANCIAL SECTOR INCOME FUND)

Offer Price: 11.0208 / Redemption: 10.8977