Hello Hiveans!
Overview :
Today I'll discuss with you about a National Bank investment company of pakistan in which I'll tell you if your are interested to invest in then the government security saving fund of Pakistan is best for you. I'll give you the all details of this company like how much you can invest minimum and maximum, how much you can earn the profit and also I'll give you method to invest online if you want it.
So, let get started......
First of all let's see the objective of government security saving fund, if you are a person who want to invest in very risk then this fund is best for you. Some people wants to invest in government securities because they thought that investing in securities of government is more safe as compared to other investment. You can choose this fund by many factors like, if you want to invest for short to medium term, if you want to invest in with no credit risk, or if you want regular income stream. You can convert your money in liquid form means whenever you need your amount you can get it. This fund was launched on July 10, 2014. It's an open ended income fund means the amount you invested in this fund you can withdraw your money at any time, there is no restriction.
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Fund facts :
If we see the risk, it is at medium /principle at medium risk. The fund size is 6,731 Million since 2014. If you want to take growth units then minimum investment limit is 10,000 rupees and if you want to take regular income stream then you have to invest minimum 1 lakh. Obviously, your fund is being managed so it will definitely took some fee from you so, the management fee is 1.5% of your income annually. National Bank of pakistan invest thier 70% funds in government securities such as, PIB's T-Bills. The best thing I consider that is there is no lock period means there is no boundation in which you must continue your investment for a particular time period. It's and highly liquid and provide you a best profit on low risk.
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Benefits :
If we talk about benefits, it will give you better profit as compared to other saving options. The next one is, low credit risk as investment done in government securities. You can invest your saving to achieve your medium or long term goals. The biggest benefit is you can withdrawal your amount at any time without any penalty. The one thing which is not given by other funds is, this fund will give you free accidental insurance of 10 lakhs rupees. If you sale your units then you will not pay any charges of that means no no back end load.
Profit rate :
The last year of profit rate is 20.9% in August, 2023. Investors earned approximately 21% of their whole wealth which is invested in this fund. If you want to invest in this fund then you have to visit their official website which is nbpfunds.com then a interface will shown to you in which you can see Invest Now button you have to click on it, another window will open. In this window you can chose regular or basic plan. When you click on your desired plan, a list will blow up in which documents are mentioned which are required to apply like, copy of CNIC, business /employment proof, proof of income/source of fund, zakaat certificate and signature card/digital signature. You can enter all these copies and can apply your investment. You can go on that site and can apply easily, in here it's difficult to teach you.