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The objective of the Fund is to provide regular payments to investors by investing in Shariah Compliant Debt, Money Market & Equity investment avenues.
NBP Islamic Regular Income Fund (NIRIF) is a Shariah Compliant Asset Allocation Fund that caters the needs of those investors who require a regular stream of income to meet monthly expenses while also growing their investments, through the payment of regular dividend.
The Fund dynamically invests in Shariah Compliant low risk Fixed Income securities and high return stocks. Making use of our experienced and dedicated research team to capitalize on market conditions, the fund offers upside potential of Shariah Compliant stocks while minimizing the downside risk, while providing you with a regular income/dividend stream. With a moderate risk profile and no penalty on withdrawal, NARPF is the perfect solution for your financial goals.
|Launch date||October 31, 2018|
|Category||Open End – Shariah Compliant Asset Allocation Fund|
|Dealing Time||Click here to view|
|Risk Profile/Risk Erosion||High/Principal at High risk|
|Management Fees||1.5% p.a. (Currently no fee is being charged)|
|Benchmark||Daily weighted return of KMI-30 Index & 6-month average deposit rates of three A rated Islamic Banks/ Islamic Windows of conventional banks as selected by MUFAF, based on Fund’s actual allocation.|
|Load||Load with Life Takaful:
Amount Up to Rs. 5 million: 3%
Amount over and above Rs. 5 million: 1% (Nil if greater than 50 million)
|Load without Life Takaful:
1% (Nil if greater than 50 million)
|Minimum Investment|| Growth Units – Rs.10,000/-
Income Units – Rs.100,000/-
|Listing||Pakistan Stock Exchange|
|Asset Management Rating||AM1 by PACRA (Very High Quality)|
|Fund Manager||Taha Khan Javed, CFA|
Disclaimer: All investments in mutual funds are subject to market risks.Past performance is not necessarily indicative of future results. Please read the Offering Documents to understand the investment policies and the risk involved.
Offer Price: 9.7951 / Redemption: 9.4739