NBP Mahana Amdani Fund seeks to minimize risk, preserve capital and generate a reasonable return along with a high degree of liquidity from a portfolio primarily constituted of Bank Deposits and Money Market instruments.
Are you looking for ways to boost your monthly income? Whether you are retired or working, there has never been a better time to make more money through a second source of income. The increasing cost of living has turned meeting monthly expenses into a big challenge.
Therefore, NBP Funds presents to you “NBP Mahana Amdani Fund”, an Income Fund, which puts your hard-earned money to work and earn Mahana Amdani for you to meet your monthly expenses. The fund invests primarily in money market instruments, bank deposits, MTS and Government securities as well.
| Fund Facts | |
|---|---|
| Launch date | November 21, 2009 |
| Category | Open End Income Fund |
| Risk Profile | Low |
| Fund Size | Rs 609 million as at 31st October 2019 |
| Dealing Time | (Mon-Thurs) 9:00AM to 5:00PM (Friday) 9:00AM to 5:30PM (Saturday) 9:00 AM to 1:00 PM |
| Minimum Investment | Growth units – Rs.10,000/- Income units – Rs.1000/- |
| Management fees | 6% of net income (min 0.5% p.a., max 1.50% p.a.) |
| Load | Front End Load (Individual): 0.5% without life insurance, 3% with life insurance. On investment above Rs. 26 million = Nil Front End Load (Other):0.5% ; On investment above Rs. 16 million = Nil Back End load: Nil |
| Fund Stability Rating | “AA- (f)” by PARCA |
| Benchmark | 6-Month KIBOR |
| Fund Manager | Muhammad Ali Bhabha, CFA, FRM |
| Asset Manager Rating | AM1 by PARCA (Very High Quality) |
* Benchmark return during October 2019 was 13.6% p.a. Since inception return from 21-Nov-09 till 31-Oct-19 was 8.7% p.a. vs. benchmark return of 7.5% p.a. Last one year return till 31-Oct-19 was 11.0% p.a vs benchmark return of 12.1%p.a. Returns for fiscal year 2019, 2018, 2017, 2016 and 2015 were 9.1% , 5.4% , 8.1% , 6.3% , 8.7% respectively vs benchmark returns of 10.2% , 6.3% , 5.8% , 4.7% , 6.7% .; 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: 10.7138 / Redemption: 10.6536
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