NBP Government Securities Savings Fund (NGSSF) has the objective of providing competitive return from portfolio of low credit risk by investing primarily in Government Securities.
NGSSF is an open-ended income fund that provides you with competitive returns over the short to medium term with no lock-in period, making it a great investment option to invest your short-medium term savings.
NGSSF invests at least 70% of your money in Government Securities, such as PIB’s and T-Bills, which has no credit risk. The Fund with no lock in period provides you with both high liquidity and low risk and is an attractive solution for your investment needs.
| Fund Facts | |
|---|---|
| Launch date | July 10, 2014 |
| Category | Open End Income Fund |
| Risk Profile | Low |
| Fund Size | Rs 583 million as at 31st January 2020 |
| Dealing Time | (Mon-Thurs) 9:00AM to 5:00PM (Friday) 9:00AM to 5:30PM (Saturday) 9:00AM to 1:00PM |
| Minimum Investment | Growth units – Rs.10,000/- Income units – Rs.100,000/- |
| Management fees | 1.5% of Net Income (Min 0.2% p.a., Max 1.0% p.a.) |
| Load | Front End Load (Individual): 1% without life insurance, 3% with life insurance Nil on investment above Rs. 26 million Front End Load (Other):1% (Nil on investment above Rs. 16 million) Back End load: Nil |
| Fund Stability Rating | “AA- (f)” by PACRA |
| Benchmark | 6-Month PKRV |
| Fund Manager | Muhammad Ali Bhabha, CFA, FRM |
| Asset Manager Rating | AM1 by PACRA (Very High Quality) |
* Benchmark return during January 2020 was 13.3% p.a. Since inception return from 10-Jul-14 till 31-Jan-20 was 8.8% p.a. vs. benchmark return of 8.1% p.a. Last one year return till 31-Jan-20 was 13.8% p.a vs benchmark return of 12.6%p.a. Returns for fiscal year 2019, 2018, 2017 and 2016 were 7.8% , 5.0% , 5.8% , 6.5% respectively vs benchmark returns of 9.9% , 6.2% , 5.9% , 6.2% .; 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: 10.5408 / Redemption: 10.4230