NBP Fund Management Limited
To provide investors with potentially higher returns, for fixed tenure by investing primarily in Shariah Compliant Fixed Income instruments for a specific duration.
|Subscription Period||May 24, 2023 to May 30, 2023|
|IPO Date||May 30, 2023|
|Category||Open End Shariah Compliant Fixed Rate / Return|
|Risk Profile||Very Low / Principal at very low risk|
|Expected Fixed Return||18.5%* p.a.|
|Initial Maturity||3 Months|
|Minimum Investment Amount||Rs. 3,000,000 & above|
|Minimum Redemption Amount||Rs. 3,000,000 or full investment balance|
|Dealing Days & Cut Off Time||During Subscription period: Monday to Friday 9:00 AM to 5:30 PM
During life of plan: Monday to Friday 9:00 AM to 10:30 AM
|Benchmark||03 Months average deposit rates of Three AA rated scheduled Islamic Banks or Islamic Windows of conventional banks as selected by MUFAP at the time of plan launch.|
|Management Fees||Up to 8% of the gross earnings of the Scheme, calculated on a daily basis, subject to minimum of 0.15% of the average daily net assets of the scheme.|
|Pricing Mechanism||Forward Pricing|
|Front End Load||0%|
|Contingent Load **||Contingent load shall be charged on redemption prior to initial maturity and shall commensurate with net loss incurred due to Early Redemption, as determined by the Management Company.|
|Asset Management Rating||AM1 by PACRA (Very High Quality)|
*The expected return mentioned above will be applicable from the launch date of the plan to the maturity date. The actual return to be offered by the plan during this period will be determined at the time of launch of plan, which may vary from the expected return based on capital market conditions.
**Early redemption is subject to contingent load which shall commensurate net loss incurred due to early redemption prior to initial/subsequent maturities and taxes as described in the Offering Documents of the fund.
Category: Open end Shariah Compliant Fixed rate/ return Scheme; Risk profile /Risk of Principal Erosion: Very low/Principal at very low risk. (Note: Performance is net of management fee and all other expenses based on dividend reinvestment and gross of withholding taxes where applicable). The plan is managed under NBP Islamic Mustahkam Fund. Minimum Investment Amount is Rs. 3,000,000 & above; Minimum Redemption amount is lower of Rs. 3,000,000 or full investment value. Risk Disclaimer: All Investments in Mutual Fund are subject to market risks. The investors are advised in their own interest to carefully read the contents of the Offering Document, in particular the Investment Policies mentioned in clause 2, Risk Factors mentioned in clause 2.9, taxation policies mentioned in clause 7 and warnings in clause 9 before making any investment decision. The use of the name and logo of National Bank of Pakistan does not mean that it is responsible for the liabilities/ obligations of the Company (NBP Fund Management Limited) or any investment scheme managed by it. Return is on a net basis; any tax deduction will be the responsibility of the unit holders. Returns may include proceeds in the form of gross cash dividend during the Life of Plan and amount paid on redemption of units at maturity.