NBP Fund Management Limited
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.
|Launch date||July 10, 2014|
|Category||Open End Income Fund|
|Risk Profile/Risk Erosion||Medium/Principal at Medium risk|
|Fund Size||Rs 9,121 million as at 31st October 2023|
|Dealing Time||Click here to view|
|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.) w.e.f. 12-Jul-19. 0.35% p.a. of average net assets during the month.|
|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)|
|Fund Stability Rating||“AA- (f)” by PACRA|
|Fund Manager||Salman Ahmed, CFA|
|Asset Manager Rating||AM1 by PACRA (Very High Quality)|
* Benchmark return during October 2023 was 22.2% p.a. Since inception return from 10-Jul-14 till 31-Oct-23 was 10.7% p.a. vs. benchmark return of 10.0% p.a. Last one year return till 31-Oct-23 was 20.3% p.a vs benchmark return of 20.6% p.a. Returns for fiscal year 2023, 2022, 2021, 2020 and 2019 were 17.1% , 10.3% , 5.3% , 21.2% , 7.8% respectively vs benchmark returns of 18.1% , 10.7% , 7.3% , 12.1% .; 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: 11.596 / Redemption: 11.4664