NBP Riba Free Savings Fund

Investors earned 10.7% p.a profit in May 2022*

NBP Riba Free Savings Fund

Investors earned 10.7% p.a profit in May 2022*

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
  • Avail up to 20% tax savings on your investments subject to conditions as per section 62 of Income Tax Ordinance 2001
  • 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 Rs. 3,358 million as at 31st December 2021
Dealing Time Click here to view
Minimum Investment Growth Units – Rs.10000/-
Income Unit Rs.100,000/-
Management Fees 6% of Net Income (min: 0.5% p.a., max: 1.25% average net assets during the month. p.a.) w.e.f 12-Jul-19. 0.53% 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 May 2022 was 3.8% p.a. Since inception return from 20-Aug-10 till 31-May-22 was 8.0% p.a. vs. benchmark return of 5.4% p.a. Last one year return till 31-May-22 was 8.1% p.a vs benchmark return of 3.3% p.a. Returns for fiscal year 2021, 2020, 2019, 2018 and 2017 were 6.2% , 11.0% , 8.8% , 5.2% , 5.9% respectively vs benchmark returns of 3.6% , 6.3% , 3.7% , 2.4% , 3.1% .; Notes: 1) The calculation of performance does not include cost of front end load. 2) Taxes apply. Further, tax credit also available as per section 62 of the Income Tax Ordinance, 2001; 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 (Aug 15, 2022)


Offer Price: 10.5417 / Redemption: 10.4239