NBP Riba Free Savings Fund

Investors earned 19.3% p.a profit in June 2024*

NBP Riba Free Savings Fund

Investors earned 19.3% p.a profit in June 2024*

Investment Objective

NBP Riba Free Savings Fund (NRFSF) seeks to provide preservation of capital and earn a reasonable rate of return along with a high degree of liquidity by investing in short term Shariah Compliant Banks and Money Market/Debt securities.

About the Fund

NRFSF is an open ended shariah compliant income fund which aims to consistently generate a better return than the profit rates offered by standard Islamic saving options in the short to medium term. The fund invests in highly liquid, low-risk Shariah-compliant Money Market and Government securities. With no lock-in period, NRFSF is the perfect avenue to invest your savings and meeting your goals over short to medium term in a Shariah Compliant manner.

Benefits At a Glance

  • Attractive profits compared to other saving options.
  • Invest your savings to meet your short to medium term goals smartly
  • Professional management of your savings by expert Fund Managers with a proven track record
  • Under the supervision of Shariah Advisory board including Dr. Imran Ashraf Usmani, Mufti Muhammad Naveed Alam & Mufti Ehsan Waquar.
  • No- Lock-in period, withdraw investment at any point without any penalty
  • Optional Life and Accidental Takaful Coverage of up to Rs. 50 lacs (Terms & Conditions Apply).

Choose this Fund if You Want To

  • Grow your savings in short to medium term
  • Prefer reasonable return with less risk
  • Profit from a regular income stream
  • Keep your money liquid
Fund Facts
Launch Date August 20, 2010
Category Open Ended Shariah Compliant Income Fund
Risk Profile/Risk Erosion Moderate/Principal at Moderate risk
Fund Size 4,939 Million as of June 30, 2024
Dealing Time Click here to view
Minimum Investment Growth Units – Rs.10000/-
Income Unit Rs.100,000/-
Management Fees 2.8% of Net Income (min: 0.5% p.a., max: 1.25% average net assets during the month. p.a.) w.e.f 25-March-2024. 0.58% p.a. of average net assets during the month.
Load with Life Insurance: Amount upto Rs.5 million: 3%, Amount over and above Rs.5 million and up to Rs.25 million: 1%, Amount exceeding Rs.25 million, load will be charged on Rs.5 million: 3%
Load under Health Takaful Plan: Amount upto Rs. 4 million: 3%, Amount over and above Rs.4 million and up to Rs.25 million: 1%, Amount exceeding Rs.25 million, load will be charged on Rs. 4 million: 3%
Others: 1% (Nil if greater than 25 million)
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.
Fund Manager Salman Ahmed, CFA
Asset Management Rating AM1 by PACRA (Very High Quality)

* Benchmark return during June 2024 was 11.0% p.a. Since inception return from 20-Aug-10 till 30-Jun-24 was 9.3% p.a. vs. benchmark return of 5.7% p.a. Last one year return till 30-Jun-24 was 20.7% p.a vs benchmark return of 10.1% p.a. Returns for fiscal year 2023, 2022, 2021, 2020 and 2019 were 14.7% , 8.7% , 6.2% , 11.0% , 8.8% respectively vs benchmark returns of 6.0% , 3.3% , 3.6% , 6.3% , 3.7% .; 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.


FUND PRICES-NAV (Jul 22, 2024)


Offer Price: 10.5793 / Redemption: 10.4590