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.
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.
| Fund Facts | |
|---|---|
| Launch Date | February 28, 2018 |
| Category | Open End Shariah Compliant Money Market Fund |
| Fund Size | Rs. 5,828 million as at 31st December 2021 |
| Dealing Time | Click here to view |
| Risk Profile/Risk Erosion | Low/Principal at low risk |
| Management Fees | 1% of Net Income (Min 0.1% p.a., Max 1.0% p.a.). 0.13% p.a. of average net assets during the month |
| Load | |
| 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 aboveRs.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 | Three months average deposit rates of three (3) AA rated Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP. |
| Fund Manager | Salman Ahmed, CFA |
| Minimum Subscription | Growth Unit: Rs.10000/- Income Unit: Rs.100,000/- |
| Asset Management Rating | AM1 by PACRA (Very High Quality) |
* Benchmark return during December 2021 was 3.3% p.a. Since inception return from 28-Feb-18 till 31-Dec-21 was 8.2% p.a. vs. benchmark return of 3.8% p.a. Last one year return till 31-Dec-21 was 7.0% p.a vs benchmark return of 3.2% p.a. Returns for fiscal year 2021, 2020 and 2019 were 6.2% , 11.8% , 8.1% vs benchmark return of 3.4% , 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.
Offer Price: 10.6099 / Redemption: 10.4913