Equity Funds

NAFA Islamic Active Allocation Equity Fund

NAFA Islamic Active Allocation Equity Fund

1. Brief information on the Fund

NAFA Islamic Active Allocation Equity Fund is a Shariah-compliant Fund launched by NBP Fullerton Asset Management Limited, which aims to provide investors with long term capital growth from an actively managed portfolio of Shariah Compliant listed equities..

2. Key benefits

·         Managed by Professional Fund Managers;

·         Tax credit as per the applicable laws;

3. Key features of the Fund

Fund Category / Type

Open Ended Shariah Compliant Equity Fund

Investment Objective:

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

Benchmark:

KMI-30 Index

Launch Date:

January 18, 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:

High

Investment Strategy:

NAFA Islamic Active Allocation Equity Fund, in line with its Investment Objectives, will invest in Authorized Investments based on the outlook of the different asset classes.

Authorized Investments:

Authorized Investments

Allocation
(Min % - Max %)

Shari’ah compliant listed equities

70% - 100%

Shari’ah compliant Bank Deposits

(excluding TDRs) in Islamic Banks /

Islamic windows of banks, minimum ‘A-’

rated

0% - 30%

Minimum investment amount:

PKR 10,000/-

Only Fund-of-Funds schemes managed by NBP Fullerton Asset Management Limited may submit applications for the Purchase of Units of the Fund.

Name of the IC Members:

Dr. Amjad Waheed, CFA; Sajjad Anwar, CFA; Taha Khan Javed, CFA; Hassan Raza, CFA

4. Fees and charges

* Management fee:

2% p.a

Structuring fee - upfront:

Nil

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

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: This publication is for informational purposes only and nothing herein should be construed as a solicitation, recommendation or an offer to buy or sell any 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 to understand the investment policies and the risks involved..

NAFA Islamic Stock Fund
Offering Document Monthly Report Forms Financial Statement

Introduction

NAFA Islamic Stock Fund is a Shariah-compliant Scheme 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% 95%
Shariah compliant Bank Deposits (excluding TDRs) in Islamic Banks / Islamic windows of banks, minimum ‘A-’ rated 5% 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 Load (Individual):3% (Nil on investment above Rs. 101 million)
Front End Load (Other): 3% (Nil on investment above Rs. 50 million)
Back End Load: NIL
Minimum investment: Growth units-Rs.10,000/-, Income units-Rs.100,000/-
Listing: Pakistan Stock Exchange
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: AM1 by PACRA (Very High Quality)
Pricing Mechanism: Forward Pricing

Taxation:

        • Capital Gains withholding tax 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 no    deduction is made.
        • 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 Total Return Index
Load*:

Front End Load (Individual): 3% (Nil on investment above Rs. 101 million)

Front End Load (Other): 3% (Nil on investment above Rs. 50 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: Taha Khan Javed, CFA
Asset Manager rating: AM1 by PACRA (Very High Quality)
Pricing Mechanism: Forward Pricing

Taxation:

                • Capital Gains withholding tax 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 no deduction is made.
                • 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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