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NBP Savings Fund aims to earn a competitive rate of return while preserving capital to the extent possible by investing in liquid assets.
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.
|Launch date||March 28, 2008|
|Category||Open End Income Fund|
|Fund Size||Rs 977 million as at 31st October 2019|
|Dealing Time||(Mon-Thurs) 9:00AM to 5:00PM|
(Friday) 9:00AM to 5:30PM
|Minimum Investment||Growth units – Rs.10,000/-|
Income units – Rs.100,000/-
|Management fees||6% of Net Income (Min 0.5% p.a., Max 1.0% p.a.)|
|Load||Front End Load (Individual): 1%. (Nil on investment above Rs. 26 million)|
Front End Load (Other):1% (Nil on investment above Rs. 16 million)
Back End load: Nil
|Fund Stability Rating||“A (f)” by PACRA|
|Fund Manager||Muhammad Ali Bhabha, CFA, FRM|
|Asset Manager Rating||AM1 by PACRA (Very High Quality)|
* Benchmark return during October 2019 was 13.6% p.a. Since inception return from 28-Mar-08 till 31-Oct-19 was 4.9% p.a. vs. benchmark return of 10.0% p.a. Last one year return till 31-Oct-19 was 10.7% p.a vs benchmark return of 12.1%p.a. Returns for fiscal year 2019, 2018, 2017, 2016 and 2015 were 9.3% , 5.5% , 6.5% , 6.9% , 13.7% respectively vs benchmark returns of 10.2% , 6.3% , 6.1% , 6.5% , 9.0% .; 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.
Offer Price: 10.5979 / Redemption: 10.4795