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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. 18,982 million as at 31st January 2020|
|Category||Open Ended Shariah Compliant Income Fund|
|Dealing Time||Mon – Thr: 9:00 A.M to 5:00 P.M|
Friday: 9:00 A.M to 5:30 P.M
Saturday: 9:00 A.M to 1:00 P.M
|Minimum Investment||Growth Unit: Rs.10,000|
Income Unit: Rs. 100,000
|Management Fees||1.5% of Net Income (min 0.2% p.a, max 1.5% p.a.)|
|Load||Front End Load : without life takaful 1%, with life|
takaful (amount up to Rs.5 million) up to 3%, with life
takaful(amount over & above Rs.5 million) 1%
Back End Load: NIL
|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||Muhammad Ali Bhabha, CFA, FRM|
|Asset Management Rating||AM1 by PACRA (Very High Quality)|
* Benchmark return during January 2020 was 6.8% p.a. Since inception return from 06-Oct-18 till 31-Jan-20 was 11.3% p.a. vs. benchmark return of 5.0% p.a. Last one year return till 31-Jan-20 was 12.1% p.a vs benchmark return of 5.6%p.a. ; 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.
Offer Price: 10.9859 / Redemption: 10.8631