NBP Fund Management Limited
NBP Islamic Mahana Amdani Fund – NIMAF aims to provide monthly income to investors by investing in Shariah Compliant Money Market and Debt avenues.
Are you looking for ways to boost your monthly income? Whether you are retired or working, there has never been a better time to make more money through a second source of income. The increasing cost of living has turned meeting monthly expenses into a big challenge.
Therefore, NBP Funds presents to you “NBP Islamic Mahana Amdani Fund”, a Shariah Complaint Income Fund, which puts your hard-earned money to work and earn Mahana Amdani for you. The fund invests in highly liquid, low-risk Shariah-compliant fixed income securities such as bank deposits and Shariah compliant Debt instruments.
|Launch Date||October 06, 2018|
|Fund Size||Rs. 10,895 million as at 31st October 2023|
|Category||Open Ended Shariah Compliant Income Fund|
|Risk Profile/Risk Erosion||Medium / Principal at medium risk|
|Dealing Time||Click here to view|
|Minimum Investment||Growth Unit: Rs.10,000
Income Unit: Rs. 100,000
|Management Fees||2.5% of Net Income (Min 0.2%, Max 1.5% p.a.) w.e.f 21-July-2023 0.50% 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.50 million: 1%,Amount exceeding Rs.50 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.50 million: 1%, Amount exceeding Rs.50 million, load will be charged on Rs. 4 million: 3%|
|Others: 1% (Nil if greater than 50 million)|
|Fund Stability Rating||A (f) by PACRA|
|Listing||Pakistan Stock Exchange|
|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 October 2023 was 10.2% p.a. Since inception return from 06-Oct-18 till 31-Oct-23 was 11.2% p.a. vs. benchmark return of 4.9% p.a. Last one year return till 31-Oct-23 was 18.4% p.a vs benchmark return of 7.2% p.a. Returns for fiscal year 2023, 2022, 2021 and 2020 were 15.6% , 8.9% ,6.5% vs benchmark return of 6.0% , 3.3% ,3.6% .; 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.
Offer Price: 11.1538 / Redemption: 11.0292