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.
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.
| Fund Facts | |
|---|---|
| Launch date | October 28, 2011 |
| Category | Open End Income Fund |
| Fund Size | Rs. 43,997 million as at 30th September 2021 |
| Risk Profile/Risk Erosion | Medium/Principal at Medium risk |
| Stability Rating | ‘A+(f)’ by PACRA |
| Management fees | 6% of Net Income (min: 0.5% p.a., max: 1.5% p.a.) w.e.f 12-July-19. 0.54% p.a. of average net assets during the month |
| Benchmark | 6-Month KIBOR |
| Dealing Time | Click here to view |
| 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) | |
| Minimum Investment | Growth units – Rs.10,000/- Income units – Rs.100,000/- |
| Listing | Pakistan Stock Exchange |
| 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 28-Oct-11 till 30-Sep-21 was 9.1% p.a. vs. benchmark return of 8.4% p.a. Last one year return till 30-Sep-21 was 7.6% p.a vs benchmark return of 7.6% p.a. Returns for fiscal year 2021, 2020, 2019, 2018 and 2017 were 7.8% , 13.5% , 9.3% , 6.0% , 8.4% respectively vs benchmark returns of 7.4% , 12.2% , 10.2% , 6.3% , 6.0% .; 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
Offer Price: 10.7868 / Redemption: 10.6663