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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.
|Launch date||October 28, 2011|
|Category||Open End Income Fund|
|Fund Size||Rs. 8,167 million as at 31st January 2020|
|Stability Rating||‘A+(f)’ by PACRA|
|Management fees||6% of net income (min 0.5%p.a, max 1.5%p.a.)|
|Dealing Time||(Mon-Thurs) 9:00AM to 5:00PM |
(Friday) 9:00AM to 5:00PM
(Saturday) 9:00AM to 1:00PM
|Load||Front 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/-
|Listing||Pakistan Stock Exchange|
|Fund Manager||Muhammad Ali Bhabha, CFA, FRM|
|Asset Manager Rating||AM1 by PARCA (Very High Quality)|
* Benchmark return during January 2020 was 13.5% p.a. Since inception return from 28-Oct-11 till 31-Jan-20 was 9.0% p.a. vs. benchmark return of 8.5% p.a. Last one year return till 31-Jan-20 was 12.5% p.a vs benchmark return of 12.8%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
Offer Price: 11.7624 / Redemption: 11.6310