Commercial Bank

National Bank Mutual Funds — NBP Funds

NBP Fund Management's savings, income, and pension plans, plus where to check NBP's live share price.

• AM1 Rated
• PKR 600B+ AUM
• PSX: NBP

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University) · Last updated: August 6, 2026

National bank mutual funds are managed through NBP Fund Management Limited (branded NBP Funds, formerly known as NAFA) — a separate, PACRA-rated asset management company sponsored by National Bank of Pakistan. This page covers what NBP Funds offers, and separately, where to check NBP's own live PSX share price.

NBP Funds at a Glance

Assets Under Management

PKR 600 billion+

PACRA Rating

AM1 (Highest Quality)

Sponsors

NBP + Baltoro Growth Fund

Recognition

Best AMC, FY2024 (CFA Society Pakistan)

Figures confirmed from NBP Funds' official corporate disclosures (as of June 2026).

What NBP Funds Manages

NBP Funds is licensed by the SECP to perform Asset Management and Investment Advisory Services under the NBFC Rules 2003, and Pension Fund Management under the Voluntary Pension System Rules 2005. It runs a broad lineup of open-end mutual funds spanning equity, income, and money-market categories, alongside dedicated pension funds — including the NAFA Pension Fund and NAFA Islamic Pension Fund, both launched in 2013 for long-term retirement savings. More recently, NBP Funds has also introduced the NBP Islamic Surmaya Plan for disciplined halal retirement investing, and digital self-service access through NBP Funds Digital.

Fund lineup and licensing confirmed from NBP Funds' official "Who We Are" and mutual funds pages.

NBP Funds Is Not NBP Itself

This distinction matters for anyone doing due diligence. NBP Fund Management Limited is a separately licensed, separately regulated Non-Banking Finance Company. National Bank of Pakistan is one of its sponsors, lending its name and part-ownership. But per NBP Funds' own official investor disclosure, being a sponsor "does not mean [NBP] is responsible for the liabilities/obligations" of NBP Funds or any scheme it manages. Mutual fund investments carry market risk regardless of the sponsor's banking credit rating.

Checking NBP's Live PSX Share Price

Separately from NBP Funds' mutual fund products, National Bank of Pakistan itself trades on the Pakistan Stock Exchange under the ticker NBP, as a KSE-100 index component. For NBP's live share price, check the Pakistan Stock Exchange's official NBP company page directly — any figure quoted here would go stale within minutes of trading. See our NBP Share Price & Financial Results page for the bank's underlying CY2025 fundamentals instead.

Ticker and index membership confirmed from NBP's official PSX company profile.

Comparing a Deposit, a Bank Share, and a Mutual Fund

It's easy to conflate three different things under "national bank mutual funds": putting money in an NBP savings account (a bank deposit, capital effectively guaranteed within deposit-protection limits), buying NBP shares on the PSX (equity ownership in the bank itself, value tied to NBP's business performance), and investing in an NBP Funds mutual fund (a pooled investment vehicle that itself buys a mix of stocks, bonds, or money-market instruments — with its own risk profile independent of how NBP the bank is performing). Each carries a fundamentally different risk-and-return profile, and NBP Funds' AM1 rating reflects the quality of its management processes, not a guarantee against investment loss.

Deciding between these? Match the choice to your actual goal, not whichever option has NBP's name attached. A savings account suits near-term liquidity needs. NBP shares suit direct exposure to the bank's own performance. An NBP Funds mutual fund suits professionally managed, diversified exposure to a broader basket of assets.

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For independent verification, see State Bank of Pakistan, Pakistan Stock Exchange, National Bank of Pakistan.