NBP Fund Management Limited
NBP Income Opportunity Fund (NIOF) seeks maximum possible preservation of capital and a reasonable rate of return via investing primarily in Money Market and Debt securities having a good credit rating and liquidity.
NIOF is a short to medium term investment option with better profit than standard savings options and no lock-in period, perfect for investing your savings and meeting your goals.
NIOF provides you with both reasonable profits and low risk by having no direct exposure to stocks and investing primarily in Money Market and Debt securities such as Government Bonds and TFC’s, which have good credit ratings and liquidity.
|Launch date||April 21, 2006|
|Category||Open End Income Fund|
|Risk Profile/Risk Erosion||Medium/Principal at Medium risk|
|Fund Size||Rs 4,992 million as at 31th August 2023|
|Dealing Time||Click here to view|
|Minimum Investment||Growth units – Rs.10,000/-
Income units – Rs.100,000/-
|Management fees||6% of Net Income (min: 0.5% p.a., max: 1.0% p.a.) w.e.f 12-July-19. 0.55% p.a. of average net assets during the month|
|Load with Life Insurance: Amount upto Rs.5 million: 3%, Amount over and above Rs.5 million and up to Rs.25 million: 1%, Amount exceeding Rs.25 million, load will be charged on Rs.5 million: 3%|
|Load under Health Takaful Plan: Amount upto Rs. 4 million: 3%, Amount over and above Rs.4 million and up to Rs.25 million: 1%, Amount exceeding Rs.25 million, load will be charged on Rs. 4 million: 3%|
|Others: 1% (Nil if greater than 25 million)|
|Fund Stability Rating||“A (f)” by PARCA|
|Fund Manager||Salman Ahmed, CFA|
|Asset Manager Rating||AM1 by PARCA (Very High Quality)|
* Benchmark return during August 2023 was 23.1% p.a. Since inception return from 21-Apr-06 till 31-Aug-23 was 9.0% p.a. vs. benchmark return of 10.7% p.a. Last one year return till 31-Aug-23 was 17.2% p.a vs benchmark return of 19.6% p.a. Returns for fiscal year 2023, 2022, 2021, 2020 and 2019 were 15.9% , 9.9% , 7.8% , 13.3% , 9.2% respectively vs benchmark returns of 18.3% , 10.8% , 7.4% , 12.2% , 10.2% .; 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. The scheme holds certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and Financial Statements. The reported returns may include provisioning and reversal of provisioning against some debt securities.
Offer Price: 11.5009 / Redemption: 11.3724