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NBP Income Opportunity Fund

Investors earned 17.7% p.a profit in April 2020*

Investment Objective

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.

About the Fund

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.

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 for the short to medium term
  • Prefer reasonable return with less risk
  • Profit from a regular income stream
  • Keep your money liquid – No Lock in Period
Fund Facts
Launch date April 21, 2006
Category Open End Income Fund
Risk Profile Low
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
Benchmark 6-Month KIBOR
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.

FUND PRICES-NAV (Jul 03, 2020)


Offer Price: 10.8891 / Redemption: 10.7674