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.
| Fund Facts | |
|---|---|
| Launch date | April 21, 2006 |
| Category | Open End Income Fund |
| Risk Profile/Risk Erosion | Medium/Principal at Medium risk |
| Fund Size | 5,526 Million as of August 31, 2024 |
| 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. 0.98% p.a. of average net assets during the month |
| Load | |
| Load with Life Insurance: Amount upto Rs.5 million: 0% to 3%, Amount over and above Rs.5 million: 0% to 1%. | |
| Load under Health Takaful Plan: Amount upto Rs. 4 million: 0% to 3%, Amount over and above Rs.4 million: 0% to 1%. | |
| Fund Stability Rating | “A+ (f)” by PARCA |
| Benchmark | 6-Month KIBOR |
| Fund Manager | Salman Ahmed, CFA |
| Asset Manager Rating | AM1 by PARCA (Very High Quality) |
* Benchmark return during August 2024 was 18.6% p.a. Since inception return from 21-Apr-06 till 31-Aug-24 was 9.7% p.a. vs. benchmark return of 11.3% p.a. Last one year return till 31-Aug-24 was 21.5% p.a vs benchmark return of 21.2% p.a. Returns for fiscal year 2024, 2023, 2022, 2021 and 2020 were 21.4% , 15.9% , 9.9% , 7.8% , 13.3% respectively vs benchmark returns of 21.9% , 18.3% , 10.8% , 7.4% , 12.2% .; 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: 11.4735 / Redemption: 11.3431