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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. 21,623 million as at 30th June 2021|
|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||1% of Net Income (Min 0.15% p.a., Max 1.0% p.a.) w.e.f 13-Dec-19. 0.18% 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||“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||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 23-Feb-12 till 30-Jun-21 was 8.2% p.a. vs. benchmark return of 7.0% p.a. Last one year return till 30-Jun-21 was 6.7% p.a vs benchmark return of 6.7%p.a. Returns for fiscal year 2021, 2020, 2019, 2018 and 2017 were 6.7% , 12.8% , 9.0% , 5.6% , 6.6% respectively vs benchmark returns of 6.7% , 11.7% , 8.7% , 5.4% , 5.1% .; 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: 10.0127 / Redemption: 9.9008