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. 22,722 million as at 31st October 2020 |
| 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.) |
| Benchmark | 6-Month KIBOR |
| Dealing Time | Click here to view |
| Load | Load with Life Insurance: Amount Up to Rs. 5 million: 3% Amount over and above Rs. 5 million: 1% (Nil if greater than 25 million) |
| Load without Life Insurance: 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 | Muhammad Ali Bhabha, CFA, FRM |
| Asset Manager Rating | AM1 by PARCA (Very High Quality) |
* Benchmark return during October 2020 was 7.3% p.a. Since inception return from 28-Oct-11 till 31-Oct-20 was 9.2% p.a. vs. benchmark return of 8.5% p.a. Last one year return till 31-Oct-20 was 11.9% p.a vs benchmark return of 10.0%p.a. Returns for fiscal year 2020, 2019, 2018, 2017 and 2016 were 13.5% , 9.3% , 6.0% , 8.4% , 6.4% respectively vs benchmark returns of 12.2% , 10.2% , 6.3% , 6.0% , 5.9% .; 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: 10.7691 / Redemption: 10.6488