Toll Free: 0800-20002

NBP Money Market Fund

Investors earned 7.2% p.a profit in June 2021*

NBP Money Market Fund

Investors earned 7.2% p.a profit in June 2021*

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)
  • Transfer up to 50 Lacs in just 45 minutes to your bank account via Swift Pay (Terms & Conditions Apply)
  • Instantly transfer up to Rs. 2 Lacs to any bank account through E-Banking Services (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 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
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.

FUND PRICES-NAV (Sep 28, 2021)

NBP MONEY MARKET FUND

Offer Price: 10.0127 / Redemption: 9.9008