Money Market Funds

NAFA Money Market Fund
Offering Document Monthly Report Forms Financial Statement

Introduction

NMMF is an open-end Money Market fund, that invests in short-term T-Bills, bank deposits and money market instruments. NMMF has a very low credit risk as it invests in Government T-Bills (AAA rated), or AA and above rated bank deposits and money market instruments. The interest-rate risk is very low as the Fund cannot invest in any investment avenue above six months maturity.

The Fund's objective is to provide stable income stream with preservation of capital by investing in AA and above rated banks and money market instruments.

Quick Stats

Launch date: February 23, 2012
Category: Open End Money Market
Risk Profile: Very low
Management fees*: 8% of net income (min 0.5%p.a. , max 1.00%p.a. of average net assets)
Stability Rating: 'AA(f)' by PACRA
Benchmark: Average 3-month deposit rate of AA and above rated banks
Load*: Front end: without Life Insurance 0% to 0.5%, with Life Insurance 0% to 3% (Nil on investment above Rs. 16 million), Back end: 0%
Minimum investment: Growth units-Rs.10,000/-, Income units-Rs.100,000/-
Listing: Pakistan Stock Exchange Ltd.
Auditors: A.F Ferguson & Co. Chartered Accountants
Trustee: Central Depository Company of Pakistan Ltd. (CDC)
Fund Manager: Salman Ahmed
Asset Manager Rating: AM2+ by PACRA (High Investment Management Standards)
Pricing Mechanism: Forward Pricing

Taxation:

  • Capital Gains Tax (CGT) rate for individual is 10% for up to four years holding period. For holding period of more than 4 years CGT is exempt.
  • Tax rate on dividends for individuals is 10%.

Benefits at a Glance:

  • Same day redemption allowed if redemption form is submitted by 10:00am.
  • Minimum Investment Rs.10,000/-(Growth Units), Subsequent Investment Rs.1,000/-
  • No Back End load
  • Tax benefit available under section 62 of Income Tax Ordinance 2001.
  • No minimum holding period. Redeem at will.
  • Encashment within 2-3 business days (Otherwise the constitutive documents allow for six working days to pay redemption proceeds)
  • Investment can be encashed at any place in Pakistan through ATM facility. (ATM withdrawal limit for a single day is Rs.100,000/- or 60% of your investment balance whichever is lower).
  • Units of Funds can be used as a collateral to avail bank financing.
  • On investment or maintaining a minimum investment Balance/Value of Rs.100,000/- in conventional mutual funds managed by NAFA, individuals (Principal account holders only) will be entitled to free of cost Accidental Death and Permanent Total Disability Insurance Cover equal to the investment value subject to a maximum of Rs.1,000,000/-.
  • Zakat exemption on submission of relevant affidavit(CZ-50).
Taxes apply*

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 and Trust Deeds of the Fund to understand the investment policies and risk involved.

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NAFA Government Securities Liquid Fund
Offering Document Monthly Report Forms Financial Statement

Introduction

NGSLF is an open-end Money market fund, with no direct or indirect exposure to shares, TFCs and long term debt instruments. It provides safe and consistent returns via investment in short-term Government securities (T-Bills) and AA or above rated banks.

The Fund's objective is to generate optimal return with minimum risk, to provide easy liquidity and reasonable income to its unit holders by investing primarily in short-term Government Securities.

Quick Stats

Launch date: May 15, 2009
Category: Open End Money Market Fund
Risk Profile: Exceptionally low
Stability Rating: 'AAA (f)' by PACRA
Management fees*: 8% of Net Income (Min 0.50%p.a., Max 1.00%p.a.)
Benchmark: 70% 3 Month T-bill & 30% average 3 Month deposit rate (AA & above rated banks)
Load*: Front end – 0%, Back end – 0%
Minimum investment: Growth units-Rs.10,000/-, Income units-Rs.100,000/-
Listing: Pakistan Stock Exchange Ltd.
Auditors: KPMG Taseer Hadi & Co. - Chartered Accountants
Trustee: Central Depository Company of Pakistan Ltd. (CDC)
Fund Manager: Muhammad Ali Bhabha, CFA, FRM
Asset Manager Rating: AM2+ by PACRA (High Investment Management Standards)
Pricing Mechanism: Forward Pricing

Taxation:

  • Capital Gains Tax (CGT) rate for individual is 10% for up to four years holding period. For holding period of more than 4 years CGT is exempt.
  • Tax rate on dividends for individuals is 10%.

Benefits at a Glance:

  • Same day redemption allowed if redemption form is submitted by 10:00am
  • Minimum Investment Rs.10,000/-(Growth Units), Subsequent Investment Rs.1,000/-
  • No Back End load
  • Tax benefit available under section 62 of Income Tax Ordinance 2001.
  • No minimum holding period. Redeem at will.
  • Encashment within 2-3 business days (Otherwise the constitutive documents allow for six working days to pay redemption proceeds)
  • Investment can be encashed at any place in Pakistan through ATM facility. (ATM withdrawal limit for a single day is Rs.100,000/- or 60% of your investment balance whichever is lower).
  • Units of Funds can be used as a collateral to avail bank financing.
  • On investment or maintaining a minimum investment Balance/Value of Rs.100,000/- in conventional mutual funds managed by NAFA, individuals (Principal account holders only) will be entitled to free of cost Accidental Death and Permanent Total Disability Insurance Cover equal to the investment value subject to a maximum of Rs.1,000,000/-.
  • Zakat exemption on submission of relevant affidavit(CZ-50).
Taxes apply*

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 and Trust Deeds of the Fund to understand the investment policies and risk involved.

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Please note that revised transaction timings for equity related funds w.e.f 15/4/17 are as follows; Mon-Thu: 9am to 4:30pm Fri: 9am to 5pm

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NBP Fullerton Asset Management Ltd (NAFA), Announces bonus distribution for NIPPF-I, NIPPF-II & NIPPF.

NBP Fullerton Asset Management Ltd (NAFA) is pleased to announce bonus distribution for NIPPF-I, NIPPF-II & NIPPF (Financial Year 2016-2017).

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Notice of change of Name & Category of Fund - NAFA Islamic Aggressive Income Fund

We would like to inform you that the Management of NBP Fullerton Asset Management Limited (NAFA), with the approval of Securities and Exchange Commission of Pakistan (SECP), has changed the category of NAFA Islamic Aggressive Income Fund from Shariah Compliant Aggressive Income Fund to Shariah Compliant Income Fund. Accordingly the name of NAFA Islamic Aggressive Income Fund will be NAFA Islamic Income Fund w.e.f. March 14, 2017. For further information, please call our toll free helpline # 0800-20002 Kindly also note that all cheques for investment in NAFA Islamic Aggressive Income Fund from March 14, 2017 onwards shall be made in the name of CDC Trustee NAFA Islamic Income Fund.

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NBP Fullerton Asset Management Ltd (NAFA), announces cash dividend (As of June 29, 2016)

NBP Fullerton Asset Management Ltd (NAFA), is pleased to announce final cash dividend on funds under its management for the Financial Year 2015-2016.

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NBP Fullerton Asset Management Ltd (NAFA), announces cash dividend (As of June 30, 2016)

NBP Fullerton Asset Management Ltd (NAFA), is pleased to announce cash dividend on funds under its management for the Financial Year 2015-2016.

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Notice of Interim Distribution (2015-2016)

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NBP Fullerton Asset Management Ltd (NAFA), Announces Interim bonus distribution for NAFA Islamic Principal Protected Fund-II - (NIPPF-II)

We are pleased to announce that the Board of Directors of NBP Fullerton Asset Management Ltd (NAFA) in their meeting held on April 29, 2016 announced a per unit bonus distribution of Rs.7.7158 for unit holders of NAFA Islamic Principal Protected Fund - II (NIPPF-II). An investor holding 100 units at the close of business as on April 28, 2016 will get 6.9159 units on ex-dividend NAV of Rs. 111.5658 per unit, the proportionate will apply to actual holdings.

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Notice for changes in Front-End Load structure

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NBP Fullerton Asset Management Ltd (NAFA), announces cash dividend (As of June 29, 2016)

NBP Fullerton Asset Management Ltd (NAFA), is pleased to announce cash dividend on funds under its management for the Financial Year 2015-2016.

Click here to read more...

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