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NBP Islamic Mahana Amdani Fund

Mahana Amdani, Har Maheenay Kay Akhir Main!

NBP Islamic Mahana Amdani Fund

Mahana Amdani, Har Maheenay Kay Akhir Main!

Investment Objective

NBP Islamic Mahana Amdani Fund – NIMAF aims to provide monthly income to investors by investing in Shariah Compliant Money Market and Debt avenues.

About the Fund

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.

Benefits At a Glance

  • Better profits compared to other saving options
  • Mahana Amdani transferred to your bank account at month end
  • Under the supervision of Shariah Advisory board including Dr. Imran Ashraf Usmani, Mufti Muhammad Naveed Alam & Mufti Ehsan Waquar.
  • Withdraw your investment any time without penalty or profit reduction
  • Avail Optional life & accidental takaful coverage of up to Rs. 50 lacs (Terms & Conditions apply)
  • Save up to 20% of your taxes subject to conditions as per section 62 of the income tax ordinance, 2001.

Choose this Fund if You Want To

  • Earn Mahana Amdani / Regular income on your savings
  • Preserve your savings and keep them liquid
  • Be able to withdraw your investment any time without penalty or profit reduction
Fund Facts
Launch Date October 06, 2018
Fund Size Rs. 13,760 million as at 30th September 2021
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 1.5% of Net Income (Min 0.2%, Max 1.5% p.a.) w.e.f 12-July-2019 0.24% p.a. of average net assets during the month
Load
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 September 2021 was 3.2% p.a. Since inception return from 06-Oct-18 till 30-Sep-21 was 9.1% p.a. vs. benchmark return of 4.6% p.a. Last one year return till 30-Sep-21 was 7.0% p.a vs benchmark return of 3.2% p.a. Returns for fiscal year 2021 and 2020 were 6.5% , 11.3% vs benchmark return of 3.6% , 6.3% .; 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 (Oct 20, 2021)

NBP ISLAMIC MAHANA AMDANI FUND

Offer Price: 10.4186 / Redemption: 10.3022