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NAFA Islamic Capital Preservation Plan – I

Halal Munafa - Mehfoz Surmaya

Investment Objective

The objective of NAFA Islamic Capital Preservation Plan-I is to earn a potentially high return through dynamic asset allocation between Shariah Compliant Dedicated Equity and Money Market based Collective Investment Schemes, while providing Capital Preservation of the Initial Investment Value including sales load at completion of twenty-four months and beyond.

About the Plan

If you invest your savings in savings options like bank deposits, you receive a profit rate which does not even compensate for rising costs – inflation. This will cause your savings to lose its value over time. On the other hand, investing in Stock Market offers attractive returns but the risk of investing in it is high.

NICPP-I provides you with higher returns compared to standard saving options while preserving your capital at maturity from the risks associated with the Stock Market. The plan achieves this through allocation of your money between Equity and Money Market avenues to capitalize on market conditions based on proven strategies by our professional Fund Managers.

With a maturity period of 2 years, NICPP-I is the perfect investment option for meeting your medium-term goals, offering you both downside protection from equity risk and upside potential from stock growth. The plan is currently closed for new subscriptions.

Key Benefits

  • Attractive Returns with capital preservation at the maturity of the plan.
  • Professional fund management with proven track record
  • Under the supervision of Shariah Advisory board including Dr. Imran Ashraf Usmani, Mufti Muhammad Naveed Alam & Mufti Ehsan Waquar.
  • Investor may withdraw their investment at any time without incurring any penalty
  • Tax savings of up to 20% of tax liability after holding for two years.
  • Free accidental takaful coverage of up to Rs. 10 lacs (Terms & Conditions Apply).

Choose this Plan if you want to

  • Earn better profits compared to other savings options
  • Preserve your capital at maturity
  • Invest your money for minimum 2 years
  • Enjoy Shariah Compliant Returns
Fund Facts
Launch date February 28, 2018
Category Open Ended Shariah Compliant Fund of Funds – CPPI
Risk Profile Low
Minimum investment PKR Rs.10,000/-
Dealing Days & Cut Off Time (Monday-Thursday) 09:00 A.M. to 04:30 P.M.
(Friday) 09:00 A.M. to 05:00 P.M.
Benchmark Daily Weighted Return of KMI-30 Index and 3-months average deposit rate of three AA rated Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP, on the basis of actual investment by the Plan in Shariah Compliant Equity and Money Market schemes and Shariah Compliant saving accounts/term deposits.
Maturity The initial Maturity of the Plan is two (2) years from the commencement of the life of the Plan. However, the duration of the Plan is perpetual.
Capital Preservation At the Initial Maturity Date and thereafter.
Management Fees No additional Management Fee will be charged if the Plan invests in CIS managed by the Management Company. Where cash in bank accounts/term deposits is maintained, the management fee of 1.0% will be charged on average annual net assets that have been placed in cash and bank accounts/term deposits will be charged on the daily basis.
Back End Load Nil
Early Exit Fee: Nil
Fund Manager Sajjad Anwar, CFA
Asset Management Rating AM1 by PACRA (Very High Quality)

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 risks involved. Capital preservation only applies to unit holders who hold their investments until initial maturity of two years.