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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|
|Fund Size||Rs 4,010 million as at 30th April 2020|
|Dealing Time||(Mon-Thurs) 9:00AM to 5:00PM
(Friday) 9:00AM to 5:30PM
(Saturday) 9:00 AM to 1:00 PM
|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.)|
|Load||Front End Load (Individual): 1%; On investment above Rs. 26 million = Nil
Front End Load (Other):1% ; On investment above Rs. 16 million = Nil
Back End load: Nil
|Fund Stability Rating||“A (f)” by PARCA|
|Fund Manager||Muhammad Ali Bhabha, CFA, FRM|
|Asset Manager Rating||AM1 by PARCA (Very High Quality)|
* Benchmark return during April 2020 was 9.4% p.a. Since inception return from 21-Apr-06 till 30-Apr-20 was 8.4% p.a. vs. benchmark return of 10.3% p.a. Last one year return till 30-Apr-20 was 13.5% p.a vs benchmark return of 13.0%p.a. Returns for fiscal year 2019, 2018, 2017, 2016 and 2015 were 9.2% , 5.3% , 6.3% , 7.5% , 13.2% respectively vs benchmark returns of 10.2% , 6.3% , 6.1% , 6.5% , 9.0% .; Notes: 1) The calculation of performance does not include cost of front end load. 2) Taxes apply. Further, tax credit also available as per section 62 of the Income Tax Ordinance, 2001; 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: 10.8891 / Redemption: 10.7674