NBP Fund Management Limited
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. 28,911 million as at 31th August 2023|
|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|
|Dealing Time||Click here to view|
|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 August 2023 was 23.1% p.a. Since inception return from 28-Oct-11 till 31-Aug-23 was 10.2% p.a. vs. benchmark return of 9.7% p.a. Last one year return till 31-Aug-23 was 19.6% p.a vs benchmark return of 19.6% p.a. Returns for fiscal year 2023, 2022, 2021, 2020 and 2019 were 18.4% , 10.7% , 7.8% , 13.5% , 9.3% respectively vs benchmark returns of 18.3% , 10.8% , 7.4% , 12.2% , 10.2% .; 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: 10.9368 / Redemption: 10.8146