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NBP 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 date January 18, 2016
Category Open End – Shariah Compliant Income Fund
Risk Profile Low
Fund Size Rs. 114 million as at 30th April 2020
Dealing Time (Mon-Thurs) 9:00AM to 5:00 PM
(Friday) 9:00AM to 5:30 PM
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.