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Formerly: NAFA Islamic Asset Allocation Fund ;Fund Category Open End – Shariah Compliant Asset Allocation Fund; Fund size; Rs 593 crore as on 31 December 2019; *Ending December 31, 2019; Benchmark cumulative return of last 11 Years is 357%; **Subject to conditions as per section 62 of the Income Tax Ordinance, 2001; Since Inception return from October 26, 2007 to December 31, 2019 12.6% p.a vs benchmark 9.1% p.a; Last one year return was 10.6% vs benchmark 12.4%. Benchmark: Daily weighted return of KMI-30 Index & 6-month average deposit rates of three A rated Islamic Banks/Islamic windows of conventional banks as selected by MUFAP, based on Fund's actual allocation. Return of NISIF in fiscal year 2019, 2018, 2017, 2016 & 2015 was -11.4%, -8.7%, 20.3%, 13.1% & 33.8% respectively and benchmark was -10.5%, -3.6%, 11.9%, 9.2% & 12.1% respectively; Note: Performance is net of management fee and all other expenses based on dividend reinvestment and gross of withholding taxes where applicable, Excluding cost of frontend load; Equity oriented fund; Disclaimer: All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Documents 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.
Last updated : Jan 17, 2020
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