Fund of Funds

NAFA Islamic Active Allocation Plan - I

1. Brief information on the Plan

NAFA Islamic Active Allocation Plan-I is a Shariah-compliant Plan launched by NBP Fullerton Asset Management Limited, which aims growth in the value of the Unit holders’ investments over the long term by investing in approved Shariah compliant equity related, and Shariah compliant income/ money market Collective Investment Schemes

2. Key benefits

  • Managed by Professional Fund Managers via equity and fixed income funds;
  • Tax credit as per the Income Ordinance, 2001.;
  • No charge/ penalty in case of encashment before initial maturity period of 2-years and thereafter.

3. Key features of the Plan

Fund Category / Type Open Ended Shariah Compliant Active Allocation Plan
Investment Objective: The objective of NAFA Islamic Active Allocation Plan-I is to earn attractive return from an actively managed portfolio of Shariah compliant equity Fund and Income Fund
Benchmark: The Benchmark of NAFA Islamic Active Allocation Plan – I shall be Weighted Average Daily Return of KMI-30 Index and 6 month deposit rate of A- rated (and above) rated Islamic Banks or Islamic windows of Scheduled Banks based on the respective Plan’s actual investment in the underlying Equity and Income Fund and/or in cash and/or near cash instruments,.
Investment Strategy: The Allocation Plan will be dynamically managed between dedicated equity related and Income schemes managed by NAFA, based on the Fund Manager’s outlook on the authorized asset-classes.
Authorized Investments: Authorized Investments Allocation
(Min % - Max %)
NAFA Active Allocation Riba Free Savings Fund 0% - 100%
NAFA Islamic Active Allocation Equity Fund 0% - 100%
Shari’ah compliant bank deposits (excluding TDRs) in Islamic Banks /Islamic Windows of banks (A- and above rated). 0% - 10%
Maturity: The initial Maturity of the Plan is two (2) years from the commencement of the Life of the Plan. However, the duration of the Plan is perpetual.
Minimum investment amount: PKR 10,000/-

4. Fees and charges

* Management fee: No additional Management Fee will be charged if the Plan invests in CIS managed by the Management Company. Where cash in bank accounts is maintained, the management fee of 1.25% p.a. will be charged on average net assets.
* Structuring fee - upfront: 3% - One time in the perpetual life of the Plan

5. Service Providers

Regulator: Securities and Exchange Commission of Pakistan (SECP)
Shariah Technical Services Support Provider: Meezan Bank
Shariah Supervisory Board: Dr.Imran Ashraf Usmani
Mufti Ehsan Waquar
Mufti Muhammad Naveed Alam
Application for Listing: Pakistan Stock Exchange Limited
Auditor: A.F Fergusons & Co. - Chartered Accountants
Trustee and Custodian: Central Depository Company of Pakistan Ltd. (CDC)

* Taxes apply as per applicable income tax law.

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.

NAFA Islamic Active Allocation Plan - II

1. Brief information on the Plan

NAFA Islamic Active Allocation Plan-II is a Shariah-compliant Plan launched by NBP Fullerton Asset Management Limited, which aims growth in the value of the Unit holders’ investments over the long term by investing in approved Shariah compliant equity related, and Shariah compliant income Collective Investment Schemes.

2. Key benefits

  • Managed by Professional Fund Managers via Shari’ah compliant equity and income funds;
  • Tax credit as per the applicable laws;
  • No charge/ penalty in case of encashment before initial maturity period of 2-year and thereafter.

3. Key features of the Plan

Fund Category / Type Open Ended Shariah Compliant Active Allocation Plan
Investment Objective: The objective of NAFA Islamic Active Allocation Plan II is to earn attractive return from an actively managed portfolio of Shariah compliant equity Fund and Income Fund
Benchmark: The Benchmark of NAFA Islamic Active Allocation Plan – II shall be Weighted Average Daily Return of KMI-30 Index and 6 month deposit rate of A- rated (and above) rated Islamic Banks or windows of Scheduled Islamic Banks based on the respective Plan’s actual investment in the underlying Equity and Income Fund and/or in cash and/or near cash instruments,.
Investment Strategy: The Allocation Plan will be dynamically managed between dedicated equity related and Income schemes managed by NAFA based on the Fund Manager’s outlook on the authorized asset-classes.
Authorized Investments: Authorized Investments Allocation
(Min % - Max %)
NAFA Active Allocation Riba Free Savings Fund 0% - 100%
NAFA Islamic Active Allocation Equity Fund 0% - 100%
Shari’ah compliant bank deposits (excluding TDRs) in Islamic Banks /Islamic Windows of banks (A- and above rated). 0% - 10%
Maturity: The initial Maturity of the Plan is two (2) years from the commencement of the Life of the Plan. However, the duration of the Plan is perpetual.
Minimum investment amount: PKR 10,000/-

4. Fees and charges

* Management fee: No additional Management Fee will be charged if the Plan invests in mutual fundmanaged by the Management Company . Where cash in bank accounts is maintained, the management fee of 1.25% p.a. will be charged on average net assets.
* Structuring fee - upfront: 3% - One time in the perpetual life of the Plan
Early exit fee Nil

5. Service Providers

Regulator: Securities and Exchange Commission of Pakistan (SECP)
Shariah Advisory Services: Shariah Technical Advisor: Meezan Bank
Shariah Advisory Board: Dr. Imran Ashraf Usm ani, Mufti Ehsan Waquar, Mufti Naveed Alam
Application for Listing: Pakistan Stock Exchange (Formerly; Karachi Stock Exchange)
Auditor: A.F Fergusons & Co. - Chartered Accountants
Trustee and Custodian: Central Depository Company of Pakistan Ltd. (CDC)

* Taxes apply as per applicable income tax law.

Disclaimer: All investments in mutual funds are subject to market risks. The NAV based prices of units and any dividends/ returns thereon are dependent on forces and factors affecting the capital markets. These may go up or down based on market conditions. Past performance is not necessarily indicative of future results.

NAFA Islamic Active Allocation Plan - III

1. Brief information on the Plan

NAFA Islamic Active Allocation Plan-III is a Shariah-compliant Plan launched by NBP Fullerton Asset Management Limited, which aims growth in the value of the Unit holders’ investments over the long term by investing in approved Shariah compliant equity and Shariah compliant income Collective Investment Schemes.

2. Key benefits

  • Managed by Professional Fund Managers via Shari’ah compliant equity and income funds;
  • Tax credit as per the applicable laws;

3. Key features of the Plan

Plan Category / Type Open Ended Shariah Compliant Active Allocation Plan
Investment Objective: The objective of NAFA Islamic Active Allocation Plan III is to earn attractive return from an actively managed portfolio of Shariah compliant equity Fund and Income Fund
Benchmark: The Benchmark of NAFA Islamic Active Allocation Plan – III shall be Weighted Average Daily Return of KMI-30 Index and 6 month deposit rate of A- rated (and above) rated Islamic Banks or windows of Scheduled Islamic Banks based on the respective Plan’s actual investment in the underlying Equity and Income Fund and/or in cash and/or near cash instruments,.
Investment Strategy: The Allocation Plan will be dynamically managed between dedicated equity related and Income schemes managed by NAFA based on the Fund Manager’s outlook on the authorized asset-classes.
Authorized Investments: Authorized Investments Allocation
(Min % - Max %)
NAFA Active Allocation Riba Free Savings Fund 0% - 100%
NAFA Islamic Active Allocation Equity Fund 0% - 100%
Shari’ah compliant bank deposits (excluding TDRs) in Islamic Banks /Islamic Windows of banks (A- and above rated). 0% - 10%
Maturity: The initial Maturity of the Plan is two (2) years from the commencement of the Life of the Plan. However, the duration of the Plan is perpetual.
Minimum investment amount: PKR 10,000/-

4. Fees and charges

* Management fee: No additional Management Fee will be charged if the Plan invests in mutual funds managed by the Management Company.Where cash in bank accounts is maintained, the management fee of 1.25% p.a. will be charged on average annual net assets.
* Structuring fee - upfront: 3% - One time in the perpetual life of the Plan
Early exit fee Nil

5. Service Providers

Regulator: Securities and Exchange Commission of Pakistan
Shariah Advisory Services: Shariah Technical Advisor: Meezan Bank
Shariah Advisory Board: Dr. Imran Ashraf Usmani, Mufti Ehsan Waquar Ahmad, Mufti Muhammad Naveed Alam
Application for Listing: Pakistan Stock Exchange (Formerly; Karachi Stock Exchange)
Auditor: A.F Fergusons & Co. - Chartered Accountants
Trustee and Custodian: Central Depository Company of Pakistan Ltd. (CDC)

* Taxes apply as per applicable income tax law.

Disclaimer: All investments in mutual funds are subject to market risks. The investors are advised in their own interest to carefully read the contents of the Offering Document in particular the Investment Policies mentioned in Clause 2.1 and Risk Factors mentioned in Clause 2.4 and Warnings in clause 9 before making any investment decision. Past performance is not necessarily indicative of the future results.

NAFA Islamic Active Allocation Plan - IV

1. Brief information on the Plan

NAFA Islamic Active Allocation Plan-IV is a Shariah-compliant Plan launched by NBP Fullerton Asset Management Limited, which aims growth in the value of the Unit holders’ investments over the long term by investing in approved Shariah compliant equity and Shariah compliant income Collective Investment Schemes.

2. Key benefits

  • Managed by Professional Fund Managers via Shari’ah compliant equity and income funds;
  • Tax credit as per the applicable laws;

3. Key features of the Plan

Plan Category / Type Open Ended Shariah Compliant Fund of Fund
Investment Objective: The objective of NAFA Islamic Active Allocation Plan IV is to provide investors an opportunity to earn attractive return from an actively managed portfolio of Shariah compliant equity Fund and Income Fund
Benchmark: Daily weighted return of KMI-30 Index & 6-month average deposit rates of three A rated Islamic Banks/Islamic windows of conventional banks as selected by MUFAP, based on Fund's actual allocation (which is combination of benchmarks of underlying schemes).
Launch Date: September 30, 2016
Dealing Days & Cut off Time: (Monday-Thursday) 09:00 A.M. to 05:00 P.M. (Friday) 09:00 A.M. to 05:30 P.M.
Pricing Mechanism: Forward Pricing
Risk Profile: Low to Moderate
Investment Strategy: The Allocation Plan will be dynamically managed between dedicated Shariah compliant equity and Income schemes managed by NAFA based on the Fund Manager’s outlook on the authorized asset-classes.
Authorized Investments: Authorized Investments Allocation
(Min % - Max %)
NAFA Active Allocation Riba Free Savings Fund 0% - 100%
NAFA Islamic Active Allocation Equity Fund 0% - 100%
Shari’ah compliant bank deposits (excluding TDRs) in Islamic Banks /Islamic Windows of banks (A- and above rated). 0% - 10%
Maturity: The initial Maturity of the Plan is two (2) years from the commencement of the Life of the Plan. However, the duration of the Plan is perpetual.
Minimum investment amount: PKR 10,000/-
Name of the IC Members: Dr. Amjad Waheed, CFA, Sajjad Anwar, CFA, Muhammad Ali Bhabha, CFA, FRM, Syed Suleman Akhtar, CFA, Asim Wahab Khan, CFA

4. Fees and charges

* Management fee: No additional Management Fee will be charged if the Plan invests in mutual funds managed by the Management Company.Where cash in bank accounts is maintained, the management fee of 1.25% p.a. will be charged on average annual net assets.
* Structuring fee - upfront: 3% - One time in the perpetual life of the Plan
Early exit fee Nil

5. Service Providers

Regulator: Securities and Exchange Commission of Pakistan
Shariah Advisory Services: Shariah Technical Advisor: Meezan Bank
Shariah Advisory Board: Dr. Imran Ashraf Usmani, Mufti Ehsan Waquar Ahmad, Mufti Muhammad Naveed Alam
Application for Listing: Pakistan Stock Exchange (Formerly; Karachi Stock Exchange)
Auditor: A.F Fergusons & Co. - Chartered Accountants
Trustee and Custodian: Central Depository Company of Pakistan Ltd. (CDC)

* Taxes apply as per applicable income tax law.

Disclaimer: All investments in mutual funds are subject to market risks. The investors are advised in their own interest to carefully read the contents of the Offering Document in particular the Investment Policies mentioned in Clause 2 and Risk Factors mentioned in Clause 2.4 and Warnings in clause 9 before making any investment decision. Past performance is not necessarily indicative of the future results.

NAFA Islamic Active Allocation Plan - V

1. Brief information on the Plan

NAFA Islamic Active Allocation Plan-V is a Shariah-compliant Plan launched by NBP Fullerton Asset Management Limited, which aims growth in the value of the Unit holders’ investments over the long term by investing in approved Shariah compliant equity and Shariah compliant income Collective Investment Schemes.

2. Key benefits

  • Managed by Professional Fund Managers via Shari’ah compliant equity and income funds;
  • Tax credit as per the applicable laws;

3. Key features of the Plan

Plan Category / Type Open Ended Shariah Compliant Fund of Fund
Investment Objective: The objective of NAFA Islamic Active Allocation Plan V is to provide investors an opportunity to earn attractive return from an actively managed portfolio of Shariah compliant equity Fund and Income Fund.
Benchmark: Daily weighted return of KMI-30 Index & 6-month average deposit rates of three A rated Islamic Banks/Islamic windows of conventional banks as selected by MUFAP, based on Fund's actual allocation (which is combination of bench-marks of underlying schemes).
Launch Date: December 09, 2016
Dealing Days & Cut off Time: (Monday-Thursday) 09:00 A.M. to 05:00 P.M. (Friday) 09:00 A.M. to 05:30 P.M.
Pricing Mechanism: Forward Pricing
Risk Profile: Low to Moderate
Investment Strategy: The Allocation Plan will be dynamically managed between dedicated Shariah compliant equity and Income schemes managed by NAFA based on the Fund Manager’s outlook on the authorized asset-classes.
Authorized Investments: Authorized Investments Allocation
(Min % - Max %)
NAFA Active Allocation Riba Free Savings Fund 0% - 100%
NAFA Islamic Active Allocation Equity Fund 0% - 100%
Shari’ah compliant bank deposits (excluding TDRs) in Islamic Banks /Islamic Windows of conventional banks (A- and above rated). 0% - 10%
Maturity: The initial Maturity of the Plan is two (2) years from the commencement of the Life of the Plan. However, the duration of the Plan is perpetual.
Minimum investment amount: PKR 10,000/-
Name of the IC Members: Dr. Amjad Waheed, CFA, Sajjad Anwar, CFA, Muhammad Ali Bhabha, CFA, FRM, Syed Suleman Akhtar, CFA, Asim Wahab Khan, CFA

4. Fees and charges

* Management fee: No additional Management Fee will be charged if the Plan invests in mutual funds managed by the Management Company. Where cash in bank accounts is maintained, the management fee of 1.25% p.a. will be charged on average annual net assets.
* Structuring fee - upfront: 3% - One time in the perpetual life of the Plan
Early exit fee Nil

5. Service Providers

Regulator: Securities and Exchange Commission of Pakistan
Shariah Advisory Services: Shariah Technical Advisor: Meezan Bank
Shariah Advisory Board: Dr. Imran Ashraf Usmani, Mufti Ehsan Waquar Ahmad, Mufti Muhammad Naveed Alam
Listing: Pakistan Stock Exchange (Formerly; Karachi Stock Exchange)
Auditor: A.F Fergusons & Co, Chartered Accountants
Trustee and Custodian: Central Depository Company of Pakistan Ltd. (CDC)

* Taxes apply as per applicable income tax law.

Disclaimer: All investments in mutual funds are subject to market risks. The investors are advised in their own interest to carefully read the contents of the Offering Document in particular the Investment Policies mentioned in Clause 2 and Risk Factors mentioned in Clause 2.4 and Warnings in clause 9 before making any investment decision. Past performance is not necessarily indicative of the future results.

 
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News

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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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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