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NBP Financial Sector Income Fund

(Formerly NAFA Financial Sector Income Fund) Investors earned 12.5% p.a profit in October 2019*

Investment Objective

NBP Financial Sector Income Fund (NFSIF) aims to provide income enhancement and preservation of capital by investing in prime quality Financial Sector TFCs/Sukuks, Bank deposits and short-term Money Market instruments.

About the Fund

NFSIF is a unique investment solution that provides better profits compared to standard saving options by investing primarily in Financial Sector Debt instruments, and bank deposits.

The Financial Sector represents industries such as Banks, other Financial Institutions, Insurance Companies etc. Investing in such industries not only has low risk because they are heavily regulated but also offer attractive profit rates on instruments issued by them. By investing a minimum of 70% of its assets in such financial sector instrument with no lock-in period, NFSIF is a great investment solution for investors.

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 in Financial Sector fixed income securities
  • Attractive returns compared to other saving schemes
  • Keep your investment liquid, Withdrawl at any time without penalty.
Fund Facts
Launch dateOctober 28, 2011
CategoryOpen End Income Fund
Fund SizeRs. 6,388 million as at 31st October 2019
Risk ProfileLow
Stability Rating‘A+(f)’ by PACRA
Management fees6% of net income (min 0.5%p.a, max 1.5%p.a.)
Benchmark 6-Month KIBOR
Dealing Time(Mon-Thurs) 9:00AM to 5:00PM
(Friday) 9:00AM to 5:00PM
(Saturday) 9:00AM to 1:00PM
LoadFront End Load (Individual): 1%,
(Nil on investment above Rs. 26 million)
Front End Load (Other):1%
(Nil on investment above Rs. 16 million)
Back End Load: Nil
Minimum Investment Growth units – Rs.10,000/-
Income units – Rs.100,000/-
ListingPakistan Stock Exchange
Fund ManagerMuhammad Ali Bhabha, CFA, FRM
Asset Manager RatingAM1 by PARCA (Very High Quality)

* Benchmark return during October 2019 was 13.6% p.a. Since inception return from 28-Oct-11 till 31-Oct-19 was 8.9% p.a. vs. benchmark return of 8.3% p.a. Last one year return till 31-Oct-19 was 11.4% p.a vs benchmark return of 12.1%p.a. Returns for fiscal year 2019, 2018, 2017, 2016 and 2015 were 9.3% , 6.0% , 8.4% , 6.4% , 10.9% respectively vs benchmark returns of 10.2% , 6.3% , 6.0% , 5.9% , 8.3% .; 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

FUND PRICES-NAV (Dec 07, 2019)

NBP FINANCIAL SECTOR INCOME FUND (FORMERLY: NAFA FINANCIAL SECTOR INCOME FUND)

Offer Price: 11.2403 / Redemption: 11.1147