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NBP Islamic Money Market Fund

Investors earned 6.4% p.a profit in June 2021*

NBP Islamic Money Market Fund

Investors earned 6.4% p.a profit in June 2021*

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. 4,823 million as at 30th June 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.)
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 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)

* Benchmark return during June 2021 was 3.0% p.a. Since inception return from 28-Feb-18 till 30-Jun-21 was 8.3% p.a. vs. benchmark return of 3.9% p.a. Last one year return till 30-Jun-21 was 6.2% p.a vs benchmark return of 3.4%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

FUND PRICES-NAV (Jul 26, 2021)


Offer Price: 10.2081 / Redemption: 10.0940