Daily Price
Price Valid For 20 Nov 2024
NIT-IMMF
Sale
108.7380
Repurchase
107.6614
Features of NIT-IMMF
- Competitive Riba-free Returns
- Shariah compliant investments
- Low Wakalah Fee (Management Fee)
- Professional fund management expertise
- Risk diversification
Risk Meter
Fund Facts
Fund Type
Open-End
Category
Shariah Compliant Money Market
Risk Profile
Low
Fund Stability Rating
AAA (f) as of 29th December 2022
Minimum Investment
Initial Amount: PKR 1,000 Subsequent Amount: PKR 500
Par Value
Rs. 100/-
Transaction Charges
Front-End Load: Upto 1% of NAV * *Management Company may waive the Front-end load fully or partially at its own discretion to any investor. Back-End Load: NIL
Management Fee
Up to 4% of gross earnings (minimum 0.05% and maximum 0.75% of net assets), within allowable expense ratio limit.
Pricing Mechanism
Backward Day
Benchmark
The three (3) months average deposit rates of three(3) AA rated Scheduled Islamic Banks or Islamic Banking windows of Conventional Banks as selected by MUFAP
5 Years Performance Period
| Performance period | NIT-IMMF(%) | Benchmark(%) |
|---|---|---|
| FY21 | *Launched on | 23rd September 2021 |
| FY22 | 10.23% | 3.78% |
| FY23 | 16.95% | 6.23% |
| 2024 | 21.43% | 10.27% |
Offering Documents
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Fund FMR
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Consolidated FMR
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Trust Deed
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