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NBP Income Opportunity Fund

Investors earned 7.3% p.a profit in September 2021*

NBP Income Opportunity Fund

Investors earned 7.3% p.a profit in September 2021*

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
  • Instantly transfer up to Rs. 2 Lacs to any bank account through E-Banking Services (Terms & Conditions Apply)
  • 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/Risk Erosion Medium/Principal at Medium risk
Fund Size Rs 11,821 million as at 30th September 2021
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
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
Benchmark 6-Month KIBOR
Fund Manager Salman Ahmed, CFA
Asset Manager Rating AM1 by PARCA (Very High Quality)

* Benchmark return during September 2021 was 7.8% p.a. Since inception return from 21-Apr-06 till 30-Sep-21 was 8.4% p.a. vs. benchmark return of 10.0% p.a. Last one year return till 30-Sep-21 was 8.0% p.a vs benchmark return of 7.6% p.a. Returns for fiscal year 2021, 2020, 2019, 2018 and 2017 were 7.8% , 13.3% , 9.2% , 5.3% , 6.3% respectively vs benchmark returns of 7.4% , 12.2% , 10.2% , 6.3% , 6.1% .; 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 (Oct 20, 2021)

NBP INCOME OPPORTUNITY FUND

Offer Price: 11.1977 / Redemption: 11.0726