Karachi, NBP Fund Management Limited informed Pakistan Stock Exchange that the Chief Executive Officer of the Company under the authority delegated by the Board of Directors of the Company may, if deemed fir, will approve interim distribution of unit holder whose names appear in the register of the NBP savings Funds as at the close of the business on June 23, 2021.
NBP Fund Management Limited (NBP Funds) is one of the leading Asset Management Company (AMC) of Pakistan, managing over 15,600 Crores of investors’ savings in various investment solutions. The main sponsors of the company are National Bank of Pakistan (NBP) and Baltoro Growth Fund.
The company has been awarded the highest achievable investment management rating of AM1 (Very High Quality,) by PACRA. This rating is based on the company’s professional management team, the sound quality of systems and processes, sponsors’ strength and performance of funds under management.