Money Market Funds

NAFA Money Market Fund
Offering Document Monthly Report Forms Financial Statement

Introduction

NMMF is an open-end Money Market fund, that invests in short-term T-Bills, bank deposits and money market instruments. NMMF has a very low credit risk as it invests in Government T-Bills (AAA rated), or AA and above rated bank deposits and money market instruments. The interest-rate risk is very low as the Fund cannot invest in any investment avenue above six months maturity.
The Fund's objective is to provide stable income stream with preservation of capital by investing in AA and above rated banks and money market instruments.

Quick Stats

Launch date: February 23, 2012
Category: Open End Money Market
Risk Profile: Very low
Management fees*: 8% of net income (min 0.5% p.a. , max 1.0% p.a.)
Stability Rating: 'AA(f)' by PACRA
Benchmark: 70% 3-month PKRV & 30% average 3-month deposit rates of three AA rated banks as selected by MUFAP.
Load*:

Front End Load (Individual): without life insurance 0.5%, with life insurance 3% (Nil on investment above Rs. 26 million) Front End Load (Other): 0.5% (Nil on investment above Rs. 16 million)

Minimum investment: Growth units-Rs.10,000/-, Income units-Rs.100,000/-
Listing: Pakistan Stock Exchange
Auditors: Deloitte Yousuf Adil, Chartered Accountants
Trustee: Central Depository Company of Pakistan Ltd. (CDC)
Fund Manager: Muhammad Ali Bhabha, CFA, FRM
Asset Manager Rating: AM1 by PACRA (Very High Quality)
Pricing Mechanism: Forward Pricing

Taxation:

• Capital Gains withholding Tax rate for individual is 10% for up to four years holding period. For holding period of more than 4 years no deduction is made.
• Tax rate on dividends for individuals is 10% for filer and 15% for non-filer.
 

Benefits at a Glance:

  • Same day redemption allowed if redemption form is submitted by 10:00am.
  • 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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NAFA Government Securities Liquid Fund
Offering Document Monthly Report Forms Financial Statement

Introduction

NGSLF is an open-end Money market fund, with no direct or indirect exposure to shares, TFCs and long term debt instruments. It provides safe and consistent returns via investment in short-term Government securities and AA or above rated banks.

The Fund's objective is to generate optimal return with minimum risk, to provide easy liquidity and reasonable income to its unit holders by investing primarily in short-term Government Securities.

Quick Stats

Launch date: May 15, 2009
Category: Open End Money Market Fund
Risk Profile: Exceptionally low
Stability Rating: 'AAA (f)' by PACRA
Management fees*: 8% of Net Income (Min 0.50% p.a., Max 1.00% p.a.)
Benchmark: 70% 3 Month PKRV & 30% average 3 Month deposit rates of three AA rated banks as selected by MUFAP
Load*: Front end – 0%, Back end – 0%
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: Muhammad Ali Bhabha, CFA, FRM
Asset Manager Rating: AM1 by PACRA (Very High Quality)
Pricing Mechanism: Forward Pricing

Taxation:

• Capital Gains withholding Tax rate for individual is 10% for up to four years holding period. For holding period of more than 4 years no deduction is made.
• Tax rate on dividends for individuals is 10% for filer and 15% for non-filer.

Benefits at a Glance:

  • Same day redemption allowed if redemption form is submitted by 10:00am
  • 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

New ISLAMIC SAVINGS CENTRE

NAFA ISLAMIC SAVINGS CENTER- Now Open at Al Manzar building, Allama Iqbal road, Plot #2, Nangi Mirpur Azad Jamu & Kashmir.

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NAFA Stock Fund posts 33.7% return

NAFA Stock Fund has posted a return of 33.7% during the financial year ending June 30, 2017, versus a 23.2% return on the KSE 100 index. Thus the Fund outperformed the stock market by 10.5%. The fund size of NAFA Stock Fund grew from Rs. 7.9 billion to Rs. 16.9 billion during the year. Source: MUFAP & PSX

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New ISLAMIC SAVINGS CENTRES

NAFA ISLAMIC SAVINGS CENTER- Now Open at Paris Road, Sialkot And Liaqat Road, Faisalabad.

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NAFA New SMS Short Code - 9995

We would like to inform you that w.e.f August 01, 2017 all SMS communication of NAFA Funds will be delivered through our new short code 9995, kindly save the code for future communication. For details please call at 0800-20002.

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PM Disqualification: What is next for the Stock Market? - From CIO

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New ISLAMIC SAVINGS CENTRE

NAFA ISLAMIC SAVINGS CENTER- Now Open at Chirah Road, Sadiqabad, Muslim Town, Rawalpindi

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New ISLAMIC SAVINGS CENTRE

NAFA ISLAMIC SAVINGS CENTER- Now Open at Commercial Area Cavalry, Ground Lahore

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Dividend Distribution 2016-17

NAFA Funds will distribute dividend for the financial year 2016-17 on two different dates. Half of the Funds will distribute their incomes on Monday June 19, 2017 and remaining half on Wednesday June 21, 2016 respectively. The fund wise distribution will be as follows: Distribution on Monday 19-Jun-2017: NAFA Money Market Fund, NAFA Financial Sector Income Fund, NAFA Income Fund, NAFA Savings Plus Fund, NAFA Islamic Income Fund (Formerly; NAFA Islamic Aggressive Income Fund), NAFA Multi Asset Fund, NAFA Islamic Stock Fund, NAFA Stock Fund, NAFA Active Allocation Riba Free Savings Fund, NAFA Islamic Active Allocation Equity Fund. Distribution on Wednesday 21-Jun-2017: NAFA Government Securities Liquid Fund, NAFA Income Opportunity Fund, NAFA Government Securities Savings Fund, NAFA Riba Free Savings Fund, NAFA Islamic Energy Fund, NAFA Islamic Asset Allocation Fund, NAFA Asset Allocation Fund, NAFA Islamic Principal Protected Fund-I, NAFA Islamic Principal Protected Fund-II, NAFA Islamic Principal Preservation Fund, NAFA Islamic Active Allocation Fund-I, NAFA Islamic Active Allocation Fund-II.

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NBP Fullerton Asset Management Ltd (NAFA), announces cash dividend (As of June 19, 2017)

NBP Fullerton Asset Management Ltd (NAFA), is pleased to announce final cash dividend on NAFA Money Market Fund, NAFA Financial Sector Income Fund, NAFA Income Fund, NAFA Savings Plus Fund, NAFA Islamic Income Fund (Formerly; NAFA Islamic Aggressive Income Fund), NAFA Multi Asset Fund, NAFA Islamic Stock Fund, NAFA Stock Fund, NAFA Active Allocation Riba Free Savings Fund and NAFA Islamic Active Allocation Equity Fund for the Financial Year 2016-2017.

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NBP Fullerton Asset Management Ltd (NAFA), announces cash dividend (As of June 21, 2017)

NBP Fullerton Asset Management Ltd (NAFA), is pleased to announce final cash dividend on NAFA Government Securities Liquid Fund, NAFA Income Opportunity Fund, NAFA Government Securities Savings Fund, NAFA Riba Free Savings Fund, NAFA Islamic Energy Fund, NAFA Islamic Asset Allocation Fund, NAFA Asset Allocation Fund, NAFA Islamic Principal Protected Fund-I, NAFA Islamic Principal Protected Fund-II, NAFA Islamic Principal Preservation Fund, NAFA Islamic Active Allocation Fund-I, NAFA Islamic Active Allocation Fund-II. for the Financial Year 2016-2017.

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Reduction in Management fee of NAFA Income Opportunity Fund (NIOF)

This to inform you that with effect from May 02, 2017, the Management of NAFA has decided to reduce the management fee of NAFA Income Opportunity Fund from 1.30% p.a. to 1.00% p.a. of average annual net assets.

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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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