NBP Islamic Money Market Fund

Investment Objective

NBP Islamic Money Market Funds (NMMF) provides you competitive return with maximum possible capital preservation by investing in low risk and liquid Shariah Compliant authorized instruments.

About the Fund

NBP Islamic Money Market Fund (NIMMF) is an open-ended Shariah Compliant Money Market Fund which offers its investors attractive, regular & stable profits compared to other saving options. The Fund invests in short term, highly liquid and low-risk Shariah-compliant investment avenues with an intent to preserve your capital. The Fund has no lock-in period & you can invest your short-term savings/ income in this Fund.

Benefits At a Glance

Attractive profits compared to other saving options.
Invest your savings to meet your short-term goals smartly
No- Lock-in period, withdraw investment at any point without any penalty
Under the supervision of Shariah Supervisory Board including Dr. Imran Ashraf Usmani, Mufti Muhammad Naveed Alam & Mufti Ehsan Waquar.
Very low-interest rate risk with less than 90 days weighted average maturity
No- Lock-in a period, withdraw your savings at any point without any penalty
Optional Life and Accidental Takaful Coverage of up to Rs. 50 lacs (Terms & Conditions Apply).
Avail up to 20% tax savings on your investment subject to conditions as per section 62 of Income Tax Ordinance 2001

Choose this Fund if You Want To

Invest your short term savings to earn attractive, regular & stable profit stream
Earn Shariah Complaint return
Keep your investment liquid and withdraw it any time without penalty

Fund Facts
Launch Date	February 28, 2018
Category	Open End Shariah Compliant Money Market Fund
Fund Size	Rs. 5,235 million as at 31st July 2020
Dealing Time	Click here to view
Risk Profile/Risk Erosion	Very Low/Principal at very low risk
Management Fees	1% of Net Income (Min 0.1% p.a., Max 1.0% p.a.)
Load	Load with Life Takaful: Amount Up to Rs. 5 million: 3% Amount over and above Rs. 5 million: 1% (Nil if greater than 50 million)
Load	Load without Life Takaful: 1% (Nil if greater than 50 million)
Fund Stability Rating	“AA (f)” by PACRA
Benchmark	Three months average deposit rates of three (3) AA rated Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP.
Fund Manager	Muhammad Ali Bhabha, CFA, FRM
Minimum Subscription	Growth Unit: Rs.10000/- Income Unit: Rs.100,000/-
Asset Management Rating	AM1 by PACRA (Very High Quality)

Value Added Services

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* Benchmark return during July 2020 was 3.7% p.a. Since inception return from 28-Feb-18 till 31-Jul-20 was 9.1% p.a. vs. benchmark return of 4.1% p.a. Last one year return till 31-Jul-20 was 11.3% p.a vs benchmark return of 5.3%p.a. Returns for fiscal year 2020 and 2019 were 11.8% , 8.1% vs benchmark return of 5.4% , 3.4% .; 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.