NBP Savings Fund

Investors earned 21.4% p.a profit in May 2024*

NBP Savings Fund

Investors earned 21.4% p.a profit in May 2024*

Investment Objective

NBP Savings Fund aims to earn a competitive rate of return while preserving capital to the extent possible by investing in liquid assets.

About the Fund

NBP Savings Fund (NBP-SF) is an open-ended income fund in which you earn profits over your idle cash savings. The fund offers attractive profits compared to other saving avenues and has no lock in period – you can withdraw your savings whenever you want without penalty or any profit reduction. Your savings in this fund are invested in Money Market instruments, Bank Deposits and other fixed income securities.

This makes NBP-SF a perfect saving solution for your short-term savings, allowing you to earn profit with immediate access to your savings at all times.

Benefits at a Glance

  • Earn profit on your ideal cash savings.
  • Attractive profit compared to other saving avenues.
  • Avail Optional Life and Accidental insurance coverage of upto Rs. 50 Lacs (Terms & Conditions Apply).
  • No lock-in period – Redeem your investment at any time without penalty
  • Instantly transfer up to Rs. 2 Lacs to any bank account through E-Banking Services (Terms & Conditions Apply)
  • Transfer up to 50 Lacs in just 45 minutes to your bank account via Swift Pay (Terms & Conditions Apply)

Choose this fund if you want to

  • Earn profit on your idle cash savings
  • Keep your savings liquid with immediate access – withdraw anytime without penalty
  • Avail online transfer & ATM/Debit card facility to meet your cash requirements
Fund Facts
Launch date March 28, 2008
Category Open End Income Fund
Risk Profile/Risk Erosion Moderate/Principal at Moderate Risk
Fund Size 5,043 Million as of May 31st, 2024
Dealing Time Click here to view
Minimum Investment Initial Investment: Rs. 1,000/-
Subsequent Investment: Rs. 100/-
Management fees 3.4% of Net Income (Min: 0.5% p.a. of Net Assets,
Max 1.0% p.a. of Net Assets) w.e.f 14-March-24.
0.73% p.a. of average net assets during the month
Load 0% to 3%
Fund Stability Rating “A+ (f)” by PACRA
Benchmark 6-Month KIBOR
Fund Manager Salman Ahmed, CFA
Asset Manager Rating AM1 by PACRA (Very High Quality)

* Benchmark return during May 2024 was 21.4% p.a. Since inception return from 28-Mar-08 till 31-May-24 was 7.2% p.a. vs. benchmark return of 11.1% p.a. Last one year return till 31-May-24 was 22.0% p.a vs benchmark return of 22.0% p.a. Returns for fiscal year 2023, 2022, 2021, 2020 and 2019 were 16.4% , 9.4% , 6.6% , 12.1% , 9.3% respectively vs benchmark returns of 18.3% , 10.8% , 7.4% , 12.2% , 10.2% .; 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. The scheme holds certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and Financial Statements. The reported returns may include provisioning and reversal of provisioning against some debt securities.

 

FUND PRICES-NAV (Jun 22, 2024)

NBP SAVINGS FUND

Offer Price: 10.2304 / Redemption: 9.8950