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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. 26,030 million as at 31st October 2019|
|Category||Open End Money Market Fund|
|Risk Profile||Very Low|
|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||Front End Load (Individual): Without life insurance = 0.5%|
With life insurance = 3%
On investment above Rs. 26 million = Nil
Front End Load (Other):
0.5%. On investment above Rs. 16 million = Nil
Back End Load: NIL
|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 2019 was 12.7% p.a. Since inception return from 23-Feb-12 till 31-Oct-19 was 8.1% p.a. vs. benchmark return of 6.7% p.a. Last one year return till 31-Oct-19 was 11.1% p.a vs benchmark return of 10.7%p.a. Returns for fiscal year 2019, 2018, 2017, 2016 and 2015 were 9.0% , 5.6% , 6.6% , 6.3% , 8.9% respectively vs benchmark returns of 8.7% , 5.4% , 5.1% , 4.6% , 6.8% .; 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: 10.0055 / Redemption: 9.9493