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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 200 million as at 30th September 2021|
|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. 0.23% 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 September 2021 was 7.7% p.a. Since inception return from 10-Jul-14 till 30-Sep-21 was 9.5% p.a. vs. benchmark return of 8.1% p.a. Last one year return till 30-Sep-21 was 9.1% p.a vs benchmark return of 7.4% p.a. Returns for fiscal year 2021, 2020, 2019, 2018 and 2017 were 5.3% , 21.2% , 7.8% , 5.0% , 5.8% respectively vs benchmark returns of 7.3% , 12.1% , 9.9% , 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: 10.9294 / Redemption: 10.8073