NBF is a closed-end balanced fund constituted under Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003. The fund, with a size of Rs. One billion has a Pre-IPO placement of PKR 700,000,000 and an IPO of PKR 300,000,000. First Dawood Investment Bank Limited (FDIBL) is the Trustee of the Fund while A. F. Ferguson & Co. Chartered Accountants are the Auditors.

  
 
 
A balanced fund theoretically provides stable income stream along with an equity upside potential. Investments in stocks provide capital appreciation and returns higher than those of bonds and bank deposits, whereas investment in fixed income instruments offers the security of a constant income stream to investors. The flexible equity-debt allocation allows the balanced fund to take advantage of the trends in the equity as well as debt markets.
  
 
 
 
 
 
 
A balanced fund has a greater potential to diversify risk by investing in different asset classes, rather than just diversifying between instruments, as would be the case in dedicated equity or dedicated fixed income funds. Because the investments are highly diversified, investors reduce their market risk. On the risk ladder, balanced funds fall somewhere between equity and debt funds depending on the asset mix. In terms of returns it also provides a graduation over the bland returns of fixed income funds and the excessive volatility of returns associated with equities.
  
 
 
 
 
 
 
 
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NIF Net Asset Value (NAV) per unit : Rs.

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NBF Net Asset Value (NAV) per certificate: Rs.