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NBP Money Market Fund (NMMF) provides you with a stable income stream with preservation of your capital by investing in AA and above rated Banks & Money Market instruments.
NBP Money Market Fund (NMMF) is an open-ended money market Fund which offers its investors an attractive, regular and stable profit stream compared to other saving options. The Fund invests in the short term, highly liquid and low-risk investment avenues with an intent to preserve your capital. The Fund has no lock-in period & you can invest your short-term savings/income in this Fund.
|Launch date||February 23, 2012|
|Fund Size||Rs. 28,444 million as at 31st October 2020|
|Category||Open End Money Market Fund|
|Dealing Time||Click here to view|
|Risk Profile/Risk Erosion||Very Low/Principal at very low risk|
|Minimum Investment||Growth Units – Rs.10,000/-
Income Units – Rs.100,000/-
|Management fees||3% of net income (min 0.4% p.a., max 1.0% 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||“AA (f)” by PACRA|
|Benchmark||70% 3-month PKRV & 30% average 3-month deposit rates of three AA rated banks as selected by MUFAP.|
|Fund Manager||Muhammad Ali Bhabha, CFA, FRM|
|Asset Manager Rating||AM1 by PACRA (Very High Quality)|
* Benchmark return during October 2020 was 6.6% p.a. Since inception return from 23-Feb-12 till 31-Oct-20 was 8.3% p.a. vs. benchmark return of 7.0% p.a. Last one year return till 31-Oct-20 was 10.3% p.a vs benchmark return of 9.7%p.a. Returns for fiscal year 2020, 2019, 2018, 2017 and 2016 were 12.8% , 9.0% , 5.6% , 6.6% , 6.3% respectively vs benchmark returns of 11.7% , 8.7% , 5.4% , 5.1% , 4.6% .; 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: 9.9976 / Redemption: 9.8859