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NSF is an open end Equity fund. It would benefit Investors seeking higher growth on capital with high risk exposure and availing tax benefits with the ease of withdrawing money at their convenience.
The Fund’s objective is to provide investors with long term capital growth from an actively managed portfolio invested primarily in listed Companies in Pakistan.
Launch date: January 22, 2007
Risk Profile: High
Management fees: 2.00% p.a
Benchmark: KSE – 30 Index
Load: Front end – 3% (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: M. Yousuf Adil Saleem & Co. Chartered Accountants
Trustee: Central Depository Company
Fund Manager: Sajjad Anwar, CFA
Asset Manager rating: ‘AM2‘ (Very High Investment Management Standards)
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
Encashment any time.
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
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/-.