NBP Fullerton Asset Management Limited | A Subsidiary of National Bank of Pakistan

Asset Allocation Funds

NAFA Asset Allocation Fund

Introduction

NAAF is an open end Asset Allocation fund. It endeavors to provide investors with an opportunity to earn long-term capital appreciation optimizing through broad mix of asset classes encompassing equity, fixed income & money market instruments.

The Fund’s objective is to generate income by investing in debt and money market securities and to generate capital appreciation by investing in equity and equity related securities.

Quick Stats

Launch date: August 21, 2010
Risk Profile: Moderate
Management fees: 2.00% p.a
Benchmark: 1/3 of average of 3M bank deposit rate, 1/3 of 6M Kibor, 1/3 of KSE – 30 Index
Load: Front end – 2% (Nil on investment above Rs. 5 million), Back end – 0%
Minimum investment: Growth units-Rs.10,000/-, Income units-Rs.100,000/-
Listing: Lahore Stock Exchange
Auditors: A.F Ferguson & Co. Chartered Accountants
Trustee: Central Depository Company
Fund Manager: Ammar Rizki
Asset Manager rating: ‘AM2‘ (Very High Investment Management Standards)
Taxation:

Capital Gains Tax is applicable from July 01, 2010, on encashment of amount invested in the Funds at the following rates:

If encashed within 6 months: 10%

If encashed within 7-12 months: 8%

If encashed after 1 Year: 0%

Tax benefit available under Income Tax Ordinance 2001. On investment of Rs. 1,000,000/-, Tax Credit up to Rs. 194,500 if the taxable income is Rs. 5 million for non-salaried Individuals, and up to Rs. 184,000 if the taxable income is Rs. 5 million for salaried Individuals in a tax year. For more information please click here

^{* To avail above tax benefit the investment should be retained for a period of twenty four months.}

Benefits at a Glance

Minimum Investment Rs.10,000/-(Growth Units)
Subsequent Investment Rs.1,000/-
No Back End load
No minimum holding period. Redeem at will.
Pricing Mechanism forward
Encashment within 2-3 business days (Otherwise the constitutive documents allow for six working days to pay redemption proceeds)
Tax Exempt as per current Tax Laws (Exempted from Capital Gains Tax (CGT), if investments held for a year or more; for shorter term investments relevant Capital Gains Tax (CGT) applies.)
Zakat exemption on submission of relevant affidavit
Ease of choosing and monitoring one fund instead of multiple investments
Regular re-balancing to maintain the correct risk/return characteristics over time
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/-.

NBP Fullerton Asset Management Limited | A Subsidiary of National Bank of Pakistan - Your Investments and NAFA grow together.

Asset Allocation Funds

Quick Stats

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Net Asset Value

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