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NBP Money Market Fund

(Formerly NAFA Money Market Fund) Investors earned 12.8% p.a profit in October 2019*

Investment Objective

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.

About the Fund

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.

Benefits At a Glance

  • Better profits compared to other saving options.
  • Perfect investment avenue for your short term goals
  • Very low-interest rate risk with less than 90 days weighted average maturity
  • Professional Management of your savings
  • No- Lock-in period, withdraw your investment at any point without any penalty
  • Optional Life and Accidental Insurance Coverage of up to Rs. 50 Lacs (Terms & Conditions Apply).
  • Avail up to 20% tax savings on your investment subject to conditions as per section 62 of Income Tax Ordinance 2001

Choose this fund if you want to

  • Invest for the short term
  • Earn attractive, regular & stable profit stream
  • Keep your investment liquid and wirhdraw anytime without penalty or profit reduction
Fund Facts
Launch dateFebruary 23, 2012
Fund SizeRs. 26,030 million as at 31st October 2019
CategoryOpen End Money Market Fund
Risk ProfileVery Low
Minimum InvestmentGrowth Units – Rs.10,000/-
Income Units – Rs.100,000/-
Management fees3% of net income (min 0.4% p.a., max 1.0% p.a.)
LoadFront 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
Benchmark70% 3-month PKRV & 30% average 3-month deposit rates of three AA rated banks as selected by MUFAP.
Fund ManagerMuhammad Ali Bhabha, CFA, FRM
Asset Manager RatingAM1 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.

FUND PRICES-NAV (Jan 17, 2020)

NBP MONEY MARKET FUND (FORMERLY: NAFA MONEY MARKET FUND)

Offer Price: 10.0055 / Redemption: 9.9493