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NBP Islamic Savings Fund aims to earn a reasonable rate of return in a Shariah Compliant manner by investing in Shariah Compliant Debt securities, Money Market instruments and Bank Deposits.
NBP Islamic Savings Fund (NBP-ISF) is an open-ended Shariah Compliant income fund in which you earn halal munafa over your idle cash saving. The fund offers attractive profits compared to other saving avenues and has no lock in period – you can withdraw your savings whenever you want without penalty or any profit reduction. Your savings in this fund are invested in Money Market instruments, Bank Deposits and Debt securities, as per guidelines approved by our Shariah Supervisory Board.
This makes NBP-ISF a perfect saving solution for your short-term savings, allowing you to earn Halal Munafa with immediate access to your savings.
|Launch Date||October 26, 2007|
|Category||Open End – Shariah Complaint Income Fund|
|Risk Profile/Risk Erosion||Moderate/Principal at Moderate risk|
|Fund Size||Rs. 2,205 million as at 30th September 2021|
|Dealing Time||Click here to view|
|Minimum Investment||Growth units – Rs.10000/-
Income units -Rs.100,000/-
|Management Fees||8% of Net Income (min: 0.5% p.a., max: 1.5% p.a. of Net Assets) w.e.f 10-Jan-20, 0.53% 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||“AA-(f)” by PACRA|
|Benchmark||6-Month average deposit rate 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 26-Oct-07 till 30-Sep-21 was 7.0% p.a. vs. benchmark return of 5.5% p.a. Last one year return till 30-Sep-21 was 6.8% p.a vs benchmark return of 3.2% p.a. Returns for fiscal year 2021, 2020, 2019, 2018 and 2017 were 5.7% , 10.9% , 8.5% , 5.1% , 5.4% respectively vs benchmark returns of 3.6% , 6.3% , 3.7% , 2.4% , 3.9% .; 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. The scheme holds certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and Financial Statements. The reported returns may include provisioning and reversal of provisioning against some debt securities.
Offer Price: 9.9121 / Redemption: 9.8013