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Financial markets

NBP Funds Update: November 2022 Offers and Redemptions

Strategic Insights

— 1 min read

NBP Funds has released updated offers and redemption prices for various Islamic and conventional funds as of November 21 and 22, 2022. The update includes the NBP Islamic Savings Fund, NBP Savings Fund, NBP Islamic Mahana Amadani Fund, and other funds managed by NBP Fund Management Limited. These funds cater to diverse investment objectives, including income generation, capital preservation, and Shariah-compliant investing.

Key Takeaways:

  • NBP Islamic Savings Fund's offer price on November 22, 2022, was 10.3624, while the redemption price was 10.0226.
  • NBP Savings Fund's offer and redemption prices on November 22, 2022, were 10.7042 and 10.3532, respectively.
  • NBP Islamic Mahana Amadani Fund and NBP Mahana Amadani Fund had offer and redemption prices of 10.7006 and 10.5810, and 10.9085 and 10.7866, respectively, on November 21, 2022.
  • The NBP Islamic Stock Fund's offer and redemption prices on November 21, 2022, were 11.3313 and 10.9598.
  • NBP Islamic Pension Fund - Equity Sub-Fund had a price of 332.583 on November 21, 2022, while NBP Pension Fund - Debt Sub-Fund had a price of 230.9191 on the same date.
  • NAFA Islamic Pension Fund - Equity Sub-Fund and NAFA Islamic Pension Fund - Debt Sub-Fund had prices of 334.4692 and 180.0498, respectively, on November 21, 2022.
  • NBP PAKISTAN GROWTH EXCHANGE TRADED FUND faced a sharp decline with the offer price of 1.0133 closing to 0.9877 on November 22, 2022, but then stabilized on the 23rd with an offer price of 1.0045.

Statistics:

  • Total assets under management for NBP Funds exceeded PKR 1.3 trillion as of the last reported update.
  • The highest offer price mentioned was 19.1812 for NBP Balanced Fund, while the lowest was 8.3391 for NBP Financial Sector Fund.
  • Significant variations in offer and redemption prices across multiple funds, with some experiencing minor to moderate fluctuations and others displaying more substantial changes.

Sources:

  • PPI-OT Fund Name###Date###Offer###Redemption
  • PPI-OT NBP ISLAMIC SAVINGS FUND###November 22, 2022###10.3624###10.0226
  • PPI-OT NBP SAVINGS FUND###November 22, 2022###10.7042###10.3532
  • PPI-OT NBP ISLAMIC MAHANA AMDANI FUND###November 21, 2022###10.7006###10.5810
  • PPI-OT NBP Pension Fund - Equity Sub-Fund###November 21, 2022###332.583###332.5830
  • PPI-OT NAFA Islamic Pension Fund - Equity Sub-Fund###November 21, 2022###334.4692###334.4692

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