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NBP Active Allocation Riba Free Savings Fund

(Formerly NAFA Active Allocation Riba Free Savings Fund) - Not open for Investors.

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 dateJanuary 18, 2016
CategoryOpen End – Shariah Compliant Income Fund
Risk ProfileLow
Fund SizeRs. 458 million as at 31st October 2019
Dealing Time(Mon-Thurs) 9:00AM to 5:00 PM
(Friday) 9:00AM to 5:30 PM
Minimum InvestmentRs.10,000
Only Fund-of-Funds schemes managed by NBP Funds.
Management Fees9% of net income (min 0.5% p.a., max 1.25% p.a.)
LoadFront End Load: 0
Back End Load: 0
Fund Stability RatingA-(f) by PACRA
Benchmark6-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.