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NBP Active Allocation Riba Free Savings Fund

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Investment Objective

NBP Active Allocation Riba Free Savings Fund (NAARFSF) seeks to earn a reasonable rate of return along with a high degree of liquidity by investing in short term Shariah Compliant Bank Deposits and Money Market/ Debt securities.

Fund Facts
Launch date January 18, 2016
Category Open End – Shariah Compliant Income Fund
Risk Profile/Risk Erosion Low/Principal at low risk
Fund Size Rs. 231 million as at 31st October 2020
Dealing Time Click here to view
Minimum Investment Rs.10,000
Only Fund-of-Funds schemes managed by NBP Funds.
Management Fees 9% of net income (min 0.5% p.a., max 1.25% p.a.)
Load Front End Load: 0
Back End Load: 0
Fund Stability Rating A-(f) by PACRA
Benchmark 6-month average deposit rates of three A-rated Islamic banks/Islamic windows of conventional banks as selected by MUFAP.

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 investment policies and the risks involved.