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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|
|Risk Profile/Risk Erosion||Medium/Principal at Medium risk|
|Fund Size||Rs 4,034 million as at 31st July 2020|
|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.)|
|Load||Load with Life Insurance:
Amount Up to Rs. 5 million: 3%
Amount over and above Rs. 5 million: 1% (Nil if greater than 25 million)
|Load without Life Insurance:
1% (Nil if greater than 25 million)
|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 July 2020 was 6.8% p.a. Since inception return from 21-Apr-06 till 31-Jul-20 was 8.4% p.a. vs. benchmark return of 10.2% p.a. Last one year return till 31-Jul-20 was 12.8% p.a vs benchmark return of 11.7%p.a. Returns for fiscal year 2020, 2019, 2018, 2017 and 2016 were 13.3% , 9.2% , 5.3% , 6.3% , 7.5% respectively vs benchmark returns of 12.2% , 10.2% , 6.3% , 6.1% , 6.5% .; 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: 11.1003 / Redemption: 10.9763