NAFA Islamic Principal Protected Fund-I (NIPPF – I) aims to earn a potentially high return through dynamic asset allocation between Shariah compliant Equities and Money Market investment avenues while providing principal protection.
NAFA Islamic Principal Protected Fund – I is a Shariah-compliant Principal Protected Fund, which aims to grow the value of your investments over the long term in approved Shariah Compliant Equity and Money Market instruments while preserving your capital at the initial Maturity of two years and beyond. This product is the perfect investment solution for investors who want to seek capital appreciation that adheres to Shariah principles along with principal protection.
The Fund dynamically allocates between the Equity Component and Money Market Component based on proven strategies of our experienced Fund Managers. A greater proportion of assets is allocated to equity in the case where the Stock Market is rising, while allocation to the Money Market Component will generally increase if the equity markets decline. Thus your money investment receives both upside potentials with downside protection.
| Fund Facts | |
|---|---|
| Launch date | March 5th , 2014 |
| Category | Open Ended Shariah Compliant Capital Protected Fund |
| Risk Profile | Low |
| Minimum Investment | PKR Rs.10,000/- |
| Benchmark | Daily weighted return of KMI-30 index & Islamic Bank Deposits based on Fund’s ctual allocation. |
| Maturity | The initial Maturity of the Fund is two (2) years from the commencement of the Life of the Fund. However, the duration of the Fund is perpetual. |
| Capital Preservation | At the Initial Maturity Date and thereafter. |
| Management Fees | Equity component: 2% p.a. Others: 12% of net income (min 0.5% p.a., max 1.0% p.a.) |
| Structuring Fee – Upfront | 3% – One time in the perpetual life of the Fund |
| Early Exit Fee | NIL |
| Fund Manager | Sajjad Anwar, CFA |
| Asset Manager Rating | AM1 by PACRA (Very High Quality) |
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. Capital protection only applies to unit holders who hold their investments until initial maturity of two years.