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NBP Islamic Energy Fund (NIEF) aims to provide investors with long term capital growth from an actively managed portfolio of Shariah Compliant listed equities belonging to the Energy Sector.
NIEF is a unique sector-based investment solution which allows you to invest in a diversified portfolio of listed Energy Sector Companies. The fund allows you to gain from the upside potential and growth of the Energy sector of Pakistan. Our expert Fund Managers based on the global oil price outlook and the country’s specific industry dynamics manage your investment in the fund to yield best returns. The Fund invest in shares of Oil & Gas Exploration, Oil Marketing, Refineries, Power Generation & Distribution Companies.
|Launch date||April 21, 2016|
|Fund Size||Rs. 488 million as at 31st October 2020|
|Risk Profile/Risk Erosion||High/Principal at High risk|
|Category||Open Ended Shariah Compliant Equity Scheme|
|Dealing Time||(Monday-Thursday) 09:00 A.M. to 04:30 P.M.
(Friday) 09:00 A.M. to 05:00 P.M.
|Management Fees||1.5% per annum|
|Benchmark||KMI 30 Index|
|Investment Strategy||Shariah-compliant listed equities in the Energy Sector (Oil & Gas Exploration, Oil Marketing Companies, Refineries, and Power Generation, etc.)
Bank Deposits, minimum “A-” rated
Shariah-compliant GOP Securities, with a max remaining maturity of 90 days
|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
|Regulator||Securities and Exchange Commission of Pakistan (SECP)|
|Listing||Pakistan Stock Exchange|
|Fund Manager||Asim Wahab Khan, CFA|
|Asset Manager 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 Document to understand the investment policies and the risks involved.
Offer Price: 9.2859 / Redemption: 8.9814