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/Risk Erosion | Low/Principal at low risk |
| Fund Size | Rs. 3,986 million as at 31st July 2020 |
| Dealing Time | Click here to view |
| Minimum Investment | Growth units – Rs.1,000/- Income units – Rs.100,000/- |
| Management fees | 6% of net income (min 0.5% p.a., max 1.50% p.a.) |
| Load | Load with Life Insurance: Amount Up to Rs. 5 million: 3% Amount over and above Rs. 5 million: 1% (Nil if greater than 50 million) |
| Load without Life Insurance: 1% (Nil if greater than 50 million) |
|
| 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 July 2020 was 6.8% p.a. Since inception return from 21-Nov-09 till 31-Jul-20 was 8.9% p.a. vs. benchmark return of 7.7% p.a. Last one year return till 31-Jul-20 was 12.5% p.a vs benchmark return of 11.7%p.a. Returns for fiscal year 2020, 2019, 2018, 2017 and 2016 were 12.9% , 9.1% , 5.4% , 8.1% , 6.3% respectively vs benchmark returns of 12.2% , 10.2% , 6.3% , 5.8% , 4.7% .; 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: 10.4687 / Redemption: 10.3517