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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. 1,439 million as at 30th June 2021|
|Dealing Time||Click here to view|
|Risk Profile/Risk Erosion||Very Low/Principal at very low risk|
|Management fees||1% of Net Income (Min 0.2% p.a., Max 1.0% p.a.) w.e.f 27-Oct-20. 0.23% p.a. of average net assets during the month.|
|Load with Life Insurance: Amount upto Rs.5 million: 3%, Amount over and above Rs.5 million and up to Rs.25 million: 1%, Amount exceeding Rs.25 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.25 million: 1%, Amount exceeding Rs.25 million, load will be charged on Rs. 4 million: 3%|
|Others: 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||Salman Ahmed, CFA|
|Asset Manager Rating||AM1 by PACRA (Very High Quality)|
* Benchmark return during June 2021 was 6.8% p.a. Since inception return from 15-May-09 till 30-Jun-21 was 8.7% p.a. vs. benchmark return of 8.6% p.a. Last one year return till 30-Jun-21 was 6.4% p.a vs benchmark return of 6.7%p.a. Returns for fiscal year 2021, 2020, 2019, 2018 and 2017 were 6.4% , 12.5% , 8.5% , 5.3% , 7.6% respectively vs benchmark returns of 6.7% , 11.7% , 8.7% , 5.4% , 5.3% .; 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: 10.332 / Redemption: 10.2166