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NBP Government Securities Liquid Fund (NGSLF) aims to generate an optimal return with minimum risk, to provide easy liquidity and a reasonable income to its unitholders by investing primarily in short-term Government Securities.
NBP Government Securities Liquid Fund (NGSLF) is an open-ended money market fund providing its investors regular profits as compared to other savings options. By investing exclusively in short term Government Securities and bank deposits, NGSLF provides an exceptionally low-risk profile as well as high liquidity, making it the perfect investment option for your short-term savings.
|Launch date||May 15, 2009|
|Category||Open End Money Market Fund|
|Fund Size||Rs. 2,174 million as at 31st July 2020|
|Dealing Time||Click here to view|
|Risk Profile/Risk Erosion||Very Low/Principal at very low risk|
|Management fees||3% of Net Income (Min 0.4% p.a., Max 1.00% 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 25 million)
|Load without Life Insurance:
1% (Nil if greater than 25 million)
|Fund Stability Rating||“AAA (f)” by PACRA|
|Benchmark||70% 3 Month PKRV & 30% average 3 Month deposit rates of three AA rated banks as selected by MUFAP|
|Minimum Subscription|| Growth Unit – Rs.10,000/-
Income Unit – Rs.100,000/-
|Fund Manager||Muhammad Ali Bhabha, CFA, FRM|
|Asset Manager Rating||AM1 by PACRA (Very High Quality)|
* Benchmark return during July 2020 was 6.8% p.a. Since inception return from 15-May-09 till 31-Jul-20 was 8.9% p.a. vs. benchmark return of 8.7% p.a. Last one year return till 31-Jul-20 was 11.9% p.a vs benchmark return of 11.2%p.a. Returns for fiscal year 2020, 2019, 2018, 2017 and 2016 were 12.5% , 8.5% , 5.3% , 7.6% , 5.7% respectively vs benchmark returns of 11.7% , 8.7% , 5.4% , 5.3% , 6.0% .; 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.
Offer Price: 10.355 / Redemption: 10.2393