Equity Funds

NAFA Islamic Stock Fund
Offering Document Monthly Report Forms Financial Statement

Introduction

NAFA Islamic Stock Fund is a Shariah-compliant Scheme being launched by NBP Fullerton Asset Management Limited, which aims to grow the value of the Unit holders’ investments over the long term in approved Shariah compliant equities.

The product is suitable for those investors who want to seek capital appreciation that adheres to Shariah principles.

Objective

The objective of the Fund is to provide investors with long term capital growth from an actively managed portfolio of Shariah Compliant listed equities.

Authorized Investments:

Key Investment Avenues Minimum Maximum
Shariah compliant listed equities 70% 100%
Shariah compliant Bank Deposits (excluding TDRs) in Islamic Banks / Islamic windows of banks, minimum ‘A-’ rated 0% 30%

Quick Stats

Launch date: January 9, 2015
Risk Profile: High
Management fees: 2.0% p.a
Benchmark: KMI-30 Index
Category: Open end Shariah Compliant Equity Scheme
Load*: Front end - 3% (Nil on investment above Rs. 50 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 Accountant
Trustee: Central Depository Company of Pakistan Ltd. (CDC)
Fund Manager: Sajjad Anwar, CFA
Shariah Supervisory 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:

  • Capital Gains Tax (CGT) rate for individual is 12.5% for holding period up to four years if dividend receipt of the Fund are less than capital gain, otherwise 10%. For holding period of more than 4 years CGT is exempt.
  • Tax rate on dividends for individuals is 12.5% if dividend receipt of the Fund are less than capital gain, otherwise 10%.

Taxes apply on dividend as per Income Tax Ordinance 2001.

Benefits at a Glance:

  • Professional Fund Management;
  • Exposure to diversified portfolio of Shariah Compliant Equities
  • 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)
  • Minimum Investment Rs.10,000/-(Growth Units)
  • Subsequent Investment Rs.1,000/-
  • Tax benefit available under Section 62 of Income Tax Ordinance 2001.
  • Zakat exemption on submission of relevant affidavit (CZ – 50)
  • Units of Funds can be used as collateral to avail bank financing subject to Shariah guidelines.

*Taxes Apply

Disclaimer: All investments in mutual funds are subject to market risks. Past Performance is not necessary indicative of future results. Please read the offering documents to understand the investment policies and the risk involved.

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NAFA Stock Fund
Offering Document Monthly Report Forms Financial Report

Introduction

NSF is an open-end Equity fund. It aims to benefit Investors seeking higher capital growth 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 shares in Pakistan.
 

Quick Stats

Launch date: January 19, 2007
Category: Open End Equity Fund
Risk Profile: High
Management fees*: 2.00% p.a
Benchmark: KSE - 30 Index
Load*: Front end - 3% ( Nil on investment above Rs. 50 million ), Back end - 0%
Minimum investment: Growth units-Rs.10,000/-, Income units-Rs.100,000/-
Listing: Pakistan Stock Exchange Ltd.
Auditors: Deliotte Yousuf Adil, Chartered Accountants
Trustee: Central Depository Company of Pakistan Ltd. (CDC)
Fund Manager: Asim Wahab Khan, CFA
Asset Manager rating: AM2+ by PACRA (High Investment Management Standards)
Fund Ranking: 3 Star (based on 3 Years Performance ending June 30, 2015, by PACRA)
Pricing Mechanism: Forward Pricing

Taxation:

  • Capital Gains Tax (CGT) rate for individual is 12.5% for holding period up to four years if dividend receipt of the Fund are less than capital gain, otherwise 10%. For holding period of more than 4 years CGT is exempt.
  • Tax rate on dividends for individuals is 12.5% if dividend receipt of the Fund are less than capital gain, otherwise 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).
  • 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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News

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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Placement of NAFA Annual Accounts - 2015

This is to inform to the unit-holders that Annual Accounts for the year ended June 30 ,2015 of NAFA Funds has been placed on our website.

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Notice of Interim Distribution (2015-2016)

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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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Online A/ C statement Web Access Service being Temporarily Disabled

Due to maintenance, Our Toll # Free 0800-20002, ATM & Online Services will be Down on 10-Dec-16 till 12-Dec-16. We regret the inconvenience caused.

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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 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 for changes in Front-End Load structure

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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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Placement of NAFA Quarterly Accounts - 2015

This is to inform to the unit-holders that Quarterly Accounts for the year ended September 30 ,2015 of NAFA Funds has been placed on our website.

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

We are pleased to announce that the board of directors of NBP Fullerton Asset Management Ltd (NAFA) in their meeting held on 26 February, 2016 announced a per unit bonus distribution of Rs.9.2066 for unit holders of NAFA Islamic Principal Protected Fund - I (NIPPF-I). An investor holding 100 units at the close of business as on 25 February 2016 will get 8.51515 units on ex-dividend NAV of Rs. 108.1202 per unit, the proportionate will apply to actual holdings.

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