NAFA Savings Plan Term Sheet

Quick Stats

Fund Name NAFA Savings Plan (NSP)
Management Company: NBP Fullerton Asset Management Limited
Rating of AMC: AM1 by PACRA (Very High Quality)
Fund Type: Open-end – Income fund
Trustee Central Depository Company (CDC)
Underlying Funds NAFA Money Market Fund, NAFA Saving Plus Fund  and NAFA Asset Allocation Fund
Fund Objective To achieve goals based target wealth with added comfort of optional life and accidental insurance.
Eligibility All individuals who have attained the minimum age of 18 years and are below the age of 65 years and a holder of a valid computerized National Identity Card (CNIC) or a valid National Identity Card for Overseas Pakistani (NICOP)
Minimum Contribution Rs. 5,000/-  (Rs.100,000/- at the time of account opening)
Contribution Mechanism Cheque, bank draft, pay order (crossed account payee only), titled “CDC-Trustee NAFA Fund” payable to the Trustee on any Dealing Day.
Insurance Coverage and Benefits Life and Accidental Death An optional Life and Accidental Death Insurance coverage for the investors up to amounts as given below
Period from commencement of investment (in Months) Event Insured Against Benefit Amount Insurance cost
1 - 3 Death due to accident only and subject to – Exclusions as mentioned on the Investment Form. Payment of Sum Insured to the Nominee/Guardian subject to maximum of Rs. 3,000,000/- as at Event Date payable in lump sum. Within waiting period of the policy the insurance cost is 0.12% per annum of the Sum Insured – covers death due to accident only.
4 onwards Death due to any cause and subject to - Exclusions as mentioned on the Investment Form Payment of Sum Insured to the Nominee/Guardian subject to maximum of Rs. 3,000,000/- as at Event Date payable in lump sum After waiting period of the policy the insurance cost is 0.36% per annum of the Sum Insured – covers death due to any cause.

The cost of premium is to be borne by the investor who opts for insurance coverage. Such premium cost is to be deducted via redemption of units from the unit holder’s outstanding investment / Investment balance on a monthly basis and deposited with the insurance company by the Management Company. In case of redemption before month end the premium amount is to be deducted on a prorate basis from redemption amount and deposited with the insurance company.

Allocation of Investment Plans and Patterns The Investors have option to choose from following allocation schemes;
Allocation Scheme NMMF NSPF NAAF
Low Volatility 20% 65% 15%
Medium Volatility 5% 50% 45%
High Volatility 0% 20% 80%
Customized sub-plan* ---% ---% ---%
* Depending on risk profile and investment horizon of the investor
Front-end Fee Up to 5%
Management Fee Management Fee of underlying Funds will apply.
Tax Credit Tax credit available as per applicable Tax Laws
Price Mechanism Forward pricing on date of realization of funds
Applicable Law and Rules The law and Rules mentioned in the Constitutive Document of underlying Funds apply
Insurance Provider Jubilee Life Insurance company Limited (JLIC)

Disclaimer: All investments in mutual funds/ Plan are subject to market risks. The NAV based prices of units and 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. The investors are advised to carefully read the contents of the Offering Document. NAFA will play a facilitating role by assisting the insured or the nominee in claim processing. However, the investor will be responsible to directly settle the claims/liabilities, if any, under this arrangement with the insurance company without any obligation on the part of the Management Company, Trustee and Funds

 
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News

New ISLAMIC SAVINGS CENTRES

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

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CLOSURE OF FUND TRANSACTIONS (Bank Holiday) - July 03, 2017

July 03, 2017 (Monday) being Bank Holiday transaction in all funds will not be allowed except below mentioned funds. NAFA Stock Fund (Transfer In / Out within NSF / NMF / NISF / NIEF allowed only) NAFA Multi Asset Fund (Transfer In / Out within NSF / NMF / NISF / NIEF allowed only) NAFA Islamic Stock Fund (Transfer In / Out within NSF / NMF / NISF / NIEF allowed only) NAFA Islamic Energy Fund (Transfer In / Out within NSF / NMF / NISF / NIEF allowed only) No Sales, Redemption's, Transfer to and from any OTHER NAFA FUND will be accepted on July 03, 2017 (Monday).

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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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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), 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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