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Financial markets

NBP Funds Update: May 2022 Rates and Information

Strategic Insights

— 2 min read

The National Bank of Pakistan's (NBP) Fund Management Limited released the May 2022 rates and information for various funds managed by the company. According to the data, the NBP Islamic Savings Fund offered a rate of 10.4031% with a redemption rate of 10.2869% as of May 24, 2022. Similarly, the NBP Savings Fund had an offer rate of 10.7053% and a redemption rate of 10.5857% on the same date. The NBP Islamic Mahana Amdani Fund, on the other hand, offered a rate of 10.9261% with a redemption rate of 10.8040% as of May 23, 2022.

Key Takeaways:

  • The NBP Islamic Savings Fund had an offer rate of 10.4031% with a redemption rate of 10.2869% as of May 24, 2022.
  • The NBP Savings Fund offered a rate of 10.7053% with a redemption rate of 10.5857% on the same date.
  • The NBP Islamic Mahana Amdani Fund had an offer rate of 10.9261% with a redemption rate of 10.8040% as of May 23, 2022.
  • The NBP Islamic Stock Fund offered a rate of 11.0836% with a redemption rate of 10.7202% on the same date.
  • The NBP Government Securities Liquid Fund had an offer rate of 10.4272% with a redemption rate of 10.3107% as of May 23, 2022.
  • The NBP Financial Sector Income Fund offered a rate of 10.7548% with a redemption rate of 10.6346% on the same date.
  • The NBP Money Market Fund had an offer rate of 10.1109% with a redemption rate of 9.9979% as of May 23, 2022.
  • The NBP Pension Fund's Equity Sub-Fund offered a rate of 334.7773% with a redemption rate of 334.7773% as of May 23, 2022.
  • The NAFA Islamic Pension Fund's Equity Sub-Fund had an offer rate of 323.9842% with a redemption rate of 323.9842% on the same date.

Statistics:

  • The total number of funds managed by the NBP Fund Management Limited is 30, with various categories, including Islamic and non-Islamic funds.
  • The funds managed by the company have a total asset size of over PKR 1.5 trillion (approximately USD 9.5 billion).
  • The NBP Islamic Savings Fund has a redemption rate of 10.2869% as of May 24, 2022, which is higher than the redemption rate of the NBP Savings Fund (10.5857%).
  • The NBP Government Securities Liquid Fund has an offer rate of 10.4272% with a redemption rate of 10.3107% as of May 23, 2022.
  • The NAFA Islamic Pension Fund's Debt Sub-Fund had an offer rate of 168.4227% with a redemption rate of 168.4227% as of May 23, 2022.

Sources:

  • PPI-OT: National Bank of Pakistan Fund Management Limited's Fund Rates as of May 24, 2022
  • PPI-OT: National Bank of Pakistan Fund Management Limited's Fund Rates as of May 23, 2022
  • NBP Fund Management Limited's website: http://www.nbpfunds.com

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