Asset Allocation Funds

NAFA Asset Allocation Fund
Offering Document Monthly Report Forms Financial Statement

Introduction

NAAF is an open-end Asset Allocation fund. It endeavors to provide investors an opportunity for long-term capital appreciation through broad mix of asset classes encompassing equity, fixed income & money market instruments.

The Fund's objective is to generate income by investing in debt and money market securities and to generate capital appreciation by investing in equity and equity related securities.

Quick Stats

Launch date: August 20, 2010
Category: Open End Asset Allocation Fund
Risk Profile: Moderate
Management fees*: 2.00% p.a.
Benchmark:

Daily weighted return of KSE-30 Total Return Index & 6-month KIBOR based on Fund's actual allocation.

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: Deliotte Yousuf Adil, 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 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:

  • 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.
  • Ease of choosing and monitoring one fund instead of multiple investments
  • Regular re-balancing to maintain the correct risk/return characteristics over time
  • 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 Islamic Asset Allocation Fund
Offering Document Monthly Report Forms Financial Statement

Introduction

NIAAF is a Shariah Compliant open-end Asset Allocation fund. It seeks to provide long-term capital appreciation with a moderate risk profile and a medium to long-term investment horizon. NIAAF’s investment philosophy is to provide stable returns via dynamic allocation to Shariah Compliant equities and fixed income instruments depending upon market conditions. 

The Fund's objective is to provide investors with a combination of capital growth and income by investing in Shariah Compliant investments. It aims to achieve attractive returns at moderate levels of risk by investing in a variety of Shariah Compliant securities, instruments and avenues such as Equities, Bank Deposit, Sukuks etc.

Quick Stats

Launch date: October 26, 2007
Category: Open End- Shahriah Compliant Asset Allocation Fund
Risk Profile: Moderate
Management fees*: 2.00% p.a
Benchmark: (i) Average 3-month Islamic banks deposit rate (ii) 6-month KIBOR or its Shariah Complaint equipment (iii) KMI-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 (G) Ltd.
Auditors: KPMG Taseer Hadi & Co. Chartered Accountants
Trustee: Central Depository Company of Pakistan Ltd. (CDC)
Fund Manager: Asim Wahab Khan, CFA
Shariah Advisory Board: Dr.Imran Ashraf Usmani
Mufti Ehsan Waquar
Mufti Muhammad Naveed Alam
Asset Manager Rating: AM2+ by PACRA (High Investment Management Standards)
Fund Ranking: 4 Star (based on 1 Year Performance ending June 30, 2014, by PACRA)
Pricing Mechanism: Forward Pricing

Taxation:

Tax apply as per Income Tax Ordinance, 2001

  • Capital Gains Tax (CGT) rate for individual is 10% for up to four years holding period. For holding period of more than 4 years CGT is exempt.
  • Tax rate on dividends for individuals is 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 mutual funds managed by NAFA, individuals (Principal account holders only) will be entitled to free of cost Accidental Death and Permanent Total Disability Takaful 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: The NAFA Islamic Asset Allocation Fund holds certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and financial statements of the Fund particularly the details of non-complaint investments and Risk Factors. All investments in mutual Funds are subject to market risks. Please read the Offering Documents and Trust Deeds of the Fund to understand the investment policies and risk involved. Past performance is not necessarily indicative of future results.

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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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