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NBP Islamic Capital Preservation Plan-VI aims to grow the value of the Unit holders’ investments in approved Shariah compliant Equity Component and Money Market Component, while preserving the Initial Investment Value at the end of two years, and beyond. The Plan is suitable for those investors who want to seek capital growth along with capital preservation.
The objective of NBP Islamic Capital Preservation Plan-VI is to earn a potentially higher return through dynamic asset allocation between Shariah Compliant Dedicated Equity and Shariah compliant Money Market based Collective Investment Schemes and /or Shariah Compliant savings accounts / term deposits, while providing Capital Preservation of the Initial Investment Value including sales load at completion of twenty four months and beyond.
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-VI 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-VI 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.
|Pre-IPO & IPO Dates||April 18th, 2022 to June 28th, 2022|
|Launch date||June 28th , 2022|
|Category||Open Ended Shariah Compliant Fund of Funds – CPPI|
|Risk Profile||Medium / Principal at medium risk|
|Dealing Days & Cut Off Time|| (Monday-Thursday) 09:00 A.M. to 03:00 P.M.
(Friday) 09:00 A.M. to 04:00 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||Asim Wahab Khan, CFA|
|Asset Management Rating||AM1 by PACRA (Very High Quality)|
*Subject to conditions as per section 62 of the income tax ordinance, 2001. **However, principal preservation is applied only at the maturity of the plan. ***Taxes apply as per applicable income tax Law.