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NBP Islamic Sarmaya Izafa Fund (NISIF) aims to generate capital appreciation by investing in Shariah Compliant equity and equity-related securities and income by investing in Shariah Compliant bank deposits, debt & money market securities.
Not sure where to invest in the stock market? Want to ensure your returns are Shariah compliant? Let our experienced Fund Managers and Shariah Supervisory Board handle it. NBP Islamic Sarmaya Izafa Fund is an open-end Shariah Compliant Asset Allocation Fund which dynamically invests in both low risk fixed income securities and high risk stocks.
The fund has a moderate risk profile offering upside potential of the Stock Market while minimizing the downside risk, in a Shariah Compliant manner – making it an all-round investment solution for your Medium to Long term savings.
|Launch date||October 26, 2007|
|Fund Size||Rs. 5,154 million as at 31st October 2019|
|Category||Open End – Shariah Compliant Asset Allocation Fund|
|Dealing Time|| (Mon-Thurs) 9:00AM to 4:30 PM |
(Friday) 9:00AM to 5:00 PM
|Management Fees||1.5% per annum|
|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||Front End Load (Individual): 3% |
On investment above Rs. 101 million: Nil
Front End Load (Other): 3%
On investment above Rs. 50 million: Nil
Back End Load: Nil
|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|
*Ending October 31, 2019. Since inception return from 26-Oct-07 till 31-Oct-19 was 11.6% p.a. vs. benchmark return of 8.2% p.a. Last one year return till 31-Oct-19 was -9.7% p.a vs benchmark return of -8.0%p.a. Returns for fiscal year 2019, 2018, 2017, 2016 and 2015 were -11.4% , -8.7% , 20.3% , 13.1% , 33.8% respectively vs benchmark returns of -10.5% , -3.6% , 11.9% , 9.2% , 12.1% .; 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 Documents to understand the investment policies and the risk involved. The scheme holds certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and Financial Statements. The reported return may include provisions and reversal of provisions against some debt securities.
Offer Price: 17.3632 / Redemption: 16.7939