NBP Savings Fund

Investors earned 11.5% p.a profit in May 2022*

NBP Savings Fund

Investors earned 11.5% p.a profit in May 2022*

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 Rs 1,497 Million as at 31st December 2021
Dealing Time Click here to view
Minimum Investment Initial Investment: Rs. 1,000/-
Subsequent Investment: Rs. 100/-
Management fees 8% of Net Income (Min: 0.5% p.a. of Net Assets, Max 1.5% p.a. of Net Assets) w.e.f 10-Jan-20.
Load
Load with Life Insurance: Amount upto Rs.5 million: 3%, Amount over and above Rs.5 million and up to Rs.50 million: 1%, Amount exceeding Rs.50 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.50 million: 1%, Amount exceeding Rs.50 million, load will be charged on Rs. 4 million: 3%
Others: 1% (Nil if greater than 50 million)
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 2022 was 14.9% p.a. Since inception return from 28-Mar-08 till 31-May-22 was 5.6% p.a. vs. benchmark return of 9.9% p.a. Last one year return till 31-May-22 was 8.8% p.a vs benchmark return of 10.2% p.a. Returns for fiscal year 2021, 2020, 2019, 2018 and 2017 were 6.6% , 12.1% , 9.3% , 5.5% , 6.5% respectively vs benchmark returns of 7.4% , 12.2% , 10.2% , 6.3% , 6.1% .; 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. 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 (Aug 16, 2022)

NBP SAVINGS FUND

Offer Price: 10.1076 / Redemption: 9.9947