Income Funds

NAFA Government Securities Savings Fund
Offering Document Monthly Report Forms Financial Report

Introduction

NGSSF is an open-end Income Fund with the objective of providing competitive return from portfolio of low credit risk by investing primarily in Government Securities.

The Fund will be investing at least 70% in Government Securities (PIBs, T-bills) and remaining investments will be in bank deposits and money market placements etc.

Quick Stats

Launch date: July 10, 2014
Category: Open End Income Fund
Risk Profile: Low
Stability Rating: “AA-(f)” by PACRA
Management fees*:

10% of Net Income (Min 0.5% p.a., Max 1.0% p.a.)

Benchmark: 6-Month PKRV
Load*:

Front End Load (Individual): without life insurance 1%, with life insurance 3% (Nil on investment above Rs. 26 million)

Front End Load (Other): 1% (Nil on investment above Rs. 16 million)

Back End Load: NIL

 
Minimum investment: Growth units-Rs.10,000/-, Income units-Rs.100,000/-
Listing: Pakistan Stock Exchange
Auditors: KPMG Taseer Hadi & Co.
Trustee: Central Depository Company of Pakistan Ltd. (CDC)
Fund Manager: Muhammad Ali Bhabha, CFA, FRM
Asset Manager Rating: AM1 by PACRA (Very High Quality)
Pricing Mechanism: Forward Pricing

Taxation:
               
• Capital Gains withholding Tax rate for individual is 10% for up to four years holding period. For holding period of more than 4 years no deduction is made.
                • Tax rate on dividends for individuals is 10% for filer and 15% for non-filer.

Benefits at a Glance:

  • More than 70% exposure to AAA rated Government Securities.
  • 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 Savings Plus Fund
Offering Document Monthly Report Forms Financial Report

Introduction

NSPF is an open-end Income fund, that aims to provide safe and consistent returns via investment in short-term Government securities, Money market instruments (rated AA- & above) and Banks rated A or above.

The Fund’s objective is to minimize risk, preserve capital and generate a reasonable return along with a high degree of liquidity from a portfolio primarily constituted of bank deposits and money market instruments.

Quick Stats

Launch date: November 21, 2009
Category: Open End Income Fund
Risk Profile: Very low
Stability rating: 'AA- (f)' by PACRA
Management fees*: 10% of net income (min 0.50%p.a. , max 1.50%p.a.)
Benchmark: 6-Month KIBOR
Load*:

Front End Load (Individual): without life insurance 0.5%, with life insurance 3% (Nil on investment above Rs. 26 million)

Front End Load (Other): 0.5% (Nil on investment above Rs. 16 million)

Back End Load: NIL
Minimum investment: Growth units-Rs.1,000/-, Income units-Rs.100,000/-
Listing: Pakistan Stock Exchange
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: AM1 by PACRA (Very High Quality)
Pricing Mechanism: Forward Pricing

Taxation:

            • Capital Gains withholding Tax rate for individual is 10% for up to four years holding period. For holding period of more than 4 years no deduction is made.
            • Tax rate on dividends for individuals is 10% for filer and 15% for non-filer.
Benefits at a Glance:

  • Minimum Investment Rs.1,000/-(Growth Units), Subsequent Investment Rs.500/-
  • 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 Financial Sector Income Fund
Offering Document Monthly Report Forms Financial Statements

Introduction

NFSIF is an open-end Income fund, with an objective to provide income enhancement and preservation of capital by investing in prime quality Financial Sector TFCs/Sukuks, Bank deposits and short-term money market instruments.

The Fund will remain invested over 70% in Financial Sector debt securities or instruments. This Fund may also invest in AAA rated Government Securities. The minimum entity rating of issues of debt securities is AA-.

Quick Stats

Launch date: October 28, 2011
Category: Open End Income Fund
Risk Profile: Low
Stability Rating: 'A+(f)' by PACRA
Management fees*: 10% of net income (min 0.5% p.a. , max 1.5% p.a.)
Benchmark: 6-month KIBOR
Load*:

Front End Load (Individual): 1% (Nil on investment above Rs. 26 million)

Front End Load (Other): 1% (Nil on investment above Rs. 16 million)

Back End Load: NIL
Minimum investment: Growth units-Rs.10,000/-, Income units-Rs.100,000/-
Listing: Pakistan Stock Exchange
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: AM1 by PACRA (Very High Quality)
Pricing Mechanism: Forward Pricing

Taxation:

            • Capital Gains withholding Tax rate for individual is 10% for up to four years holding period. For holding period of more than 4 years no deduction is made.
            • Tax rate on dividends for individuals is 10% for filer and 15% for non-filer.
Benefits at a Glance:

  • 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 Riba Free Savings Fund
Offering Document Monthly Report Forms Financial Statement

Introduction

NRFSF is an open-end Shariah compliant income fund, with no direct or indirect exposure to Corporate Sukuks. It aims to provide consistent and halal returns via investment in Government securities (GOP Ijarah sukuks), Shariah compliant money market instruments (rated AA- & above) and Islamic Banks/ Islamic windows of conventional Banks rated A- or above.

The Fund’s objective is to provide preservation of capital and earn a reasonable rate of return along with a high degree of liquidity by investing in short term Shariah Compliant banks and money market / debt securities.
 

Quick Stats

Launch date: August 20, 2010
Category: Open End Shariah Compliant – Income Fund
Risk Profile: Very Low
Stability Rating: 'A(f)' by PACRA
Management fees*: 10% of Net Income (min 0.5% p.a, max 1.25% p.a.)
Benchmark:

6-month average deposit rates of three A rated Islamic Banks/Islamic windows of conventional banks as selected by MUFAP

Load*:

Front End Load (Individual): without life Takaful 0.5%, with life Takaful 3% (Nil on investment above Rs. 26 million)

Front End Load (Other): 0.5% (Nil on investment above Rs. 16 million)

Back End Load: NIL

 
Minimum investment: Growth units-Rs.10,000/-, Income units-Rs.100,000/-
Listing: Pakistan Stock Exchange
Auditors: Deloite Yousuf Adil Chartered Accountants
Trustee: Central Depository Company of Pakistan Ltd. (CDC)
Fund Manager: Muhammad Ali Bhabha, CFA, FRM
Shariah Advisory Board: Dr.Imran Ashraf Usmani
Mufti Ehsan Waquar
Mufti Muhammad Naveed Alam
Asset Manager Rating: AM1 by PACRA (Very High Quality)
Pricing Mechanism: Forward Pricing

Taxation:

             • Capital Gains withholding Tax rate for individual is 10% for up to four years holding period. For holding period of more than 4 years no deduction is made.
             • Tax rate on dividends for individuals is 10% for filer and 15% for non-filer.

Benefits at a Glance:

  • 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 mutual funds managed by NAFA, individuals (Principal account holders only) will be entitled to free of cost Accidental Death and Permanent Total Disability Takaful 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. Please read the Offering Documents and Trust Deeds of the Fund to understand the investment policies and risk involved. Past performance is not necessarily indicative of future results.

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NAFA Income Opportunity Fund
Offering Document Monthly Report Forms Financial Statement

Introduction

NIOF is an open-end Income fund, with no direct exposure to shares. NIOF Authorized Investments include money market instruments, Government Securities and debt securities (TFCs and Sukuks).

The Fund's objective is to seek maximum possible preservation of capital and a reasonable rate of return via investing primarily in money market and debt securities having good credit rating and liquidity.

Quick Stats

Launch date: April 21, 2006
Category: Open End Income Fund
Risk Profile: Low
Stability Rating: 'A(f)' by PACRA
Management fees*: 1.30% p.a
Benchmark: 6-month Kibor
Load*:

Front End Load (Individual): 1% (Nil on investment above Rs. 26 million)

Front End Load (Other): 1% (Nil on investment above Rs. 16 million)

Back End Load: NIL 
Minimum investment: Growth units-Rs.10,000/-, Income units-Rs.100,000/-
Listing: Pakistan Stock Exchange
Auditors: Delliotte Yousuf Adil, Chartered Accountants
Trustee: Central Depository Company of Pakistan Ltd. (CDC)
Fund Manager: Muhammad Ali Bhabha, CFA, FRM
Asset Manager Rating: AM1 by PACRA (Very High Quality)
Pricing Mechanism: Forward

Taxation:

• Capital Gains withholding Tax rate for individual is 10% for up to four years holding period. For holding period of more than 4 years no deduction is made.
• Tax rate on dividends for individuals is 10% for filer and 15% for non-filer.
 

Benefits at a Glance:

  • 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. The Scheme holds certain no-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager report and Financial Statements.

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NAFA Income Fund
Offering Document Monthly Report Forms Financial Statement

Introduction

NIF is an open-end Income fund, with no direct exposure to shares. NIF authorized Investments include Money Market Instruments, Bank Deposits, Government Securities and debt securities (TFCs/ Sukuks).

The Fund's objective is to earn a competitive rate of return while preserving capital to the extent possible by investing in liquid assets.

Quick Stats

Launch date: March 28, 2008
Category: Open end Income Fund
Risk Profile: Low
Stability Rating: 'A (f)' by PACRA
Management fees*: 10% of net income (min 0.5% p.a. , max 1.0% p.a.)
Benchmark: 6-month Kibor
Load*:

Front End Load (Individual): 1% (Nil on investment above Rs. 26 million)

Front End Load (Other): 1% (Nil on investment above Rs. 16 million)

Back End Load: NIL 
Minimum investment: Growth units-Rs.10,000/-, Income units-Rs.100,000/-
Listing: Pakistan Stock Exchange
Auditors: Deliotte Yousuf Adil, Chartered Accountants
Trustee: MCB Financial Services Limited
Fund Manager: Muhammad Ali Bhabha, CFA, FRM
Asset Manager Rating: AM1 by PACRA (Very High Quality)
Pricing Mechanism: Forward Pricing

Taxation:

• Capital Gains withholding Tax rate for individual is 10% for up to four years holding period. For holding period of more than 4 years no deduction is made.
• Tax rate on dividends for individuals is 10% for filer and 15% for non-filer.

Benefits at a Glance:

  • 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)
  • 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: The NAFA Income Fund holds certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and financial statements of the Fund. 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 Islamic Aggressive Income Fund
Offering Document Monthly Report Forms Financial Statement

Introduction

NIAIF is an open-end Shariah compliant Aggressive Income fund, with no direct exposure to shares. NIAIF Authorized Investments include Shariah compliant money market instruments, Shariah compliant Government Securities (GOP Ijara Sukuk), debt securities (Sukuks) and bank deposit with Islamic banks/ Islamic windows of the conventional banks.

The Fund's objective is to seek preservation of capital and earn a reasonable rate of return in a Shariah Compliant manner. The objective will be achieved by investing in Shariah Compliant income investments

Quick Stats

Launch date: October 26, 2007
Category: Open end – Shariah Complaint Aggressive Income Fund
Risk Profile: Low to Medium
Stability rating: 'A-(f)' by PACRA
Management fees*: 10% of net income (min 0.5%p.pa, max 1%p.a.)
Benchmark: Average 3-month deposit rate of Islamic banks
Load*: Front end – 1% (Nil on investment amount equal to or more than Rs.16 million), Back end – 0%
Minimum investment: Growth units-Rs.10,000/-, Income units-Rs.100,000/-
Listing: Pakistan Stock Exchange (G) Ltd.
Auditors: KPMG Taseer Hadi & Co. Chartered Accountants
Trustee: Central Depository Company of Pakistan Ltd. (CDC)
Fund Manager: Muhammad Imran, CFA, ACCA
Shariah Advisory Board: Dr.Imran Ashraf Usmani
Mufti Ehsan Waquar
Mufti Muhammad Naveed Alam
Asset Manager Rating: AM2+ by PACRA (High Investment Management Standards)
Pricing Mechanism: Forward Pricing

Taxation:

Taxes apply as per the Income Tax Ordinance, 2001

  • 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:

  • 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).
  • On investment or maintaining a minimum investment Balance/Value of Rs.100,000/- in mutual funds managed by NAFA, individuals (Principal account holders only) will be entitled to free of cost Accidental Death and Permanent Total Disability Takaful 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. Please read the Offering Documents and Trust Deeds of the Fund to understand the investment policies and risk involved. Past performance is not necessarily indicative of future results.

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News

No Transaction on 2nd of Ramadan (being bank holiday)

This is to inform you that as per the constitutive documents of NAFA Funds, on 2nd of Ramadan unit transactions i.e. Sales, Redemptions and Transfer, can only take place in NAFA Stock Fund, NAFA Islamic Stock, NAFA Multi Asset Fund & NAFA Islamic Energy Fund (No sales, redemption's, transfer to and from any OTHER NAFA FUND will be accepted on 2nd Ramadan being bank holiday for ZAKAT Deduction).

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NAFA FUNDS Dealing time for the month of RAMADAN

Our dealing times for Money Market/Income Funds for the month of Ramadan will be: Monday to Thursday, 08:30 am to 02:30 pm; Friday, 08:30 am to 12:30 pm & Saturday, 09:00 am to 1:00 pm & for Equity Related Funds will be: Monday to Thursday, 08:30 am to 02:00 pm; Friday, 08:30 am to 12:00 pm & Saturday closed.

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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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NBP Fullerton Asset Management Ltd (NAFA), Revised Transaction Timings.

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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Reduction in Management fee of NAFA Income Opportunity Fund (NIOF)

This to inform you that with effect from May 02, 2017, the Management of NAFA has decided to reduce the management fee of NAFA Income Opportunity Fund from 1.30% p.a. to 1.00% p.a. of average annual net assets.

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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.

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