In an effort to expand its current suite of products, NIT has launched the NIT Government Treasury Fund (NIT-GTF). It is an open end Money Market Fund, investing primarily in short-term Government securities with maximum weighted average time to maturity not exceeding 90 days.
NIT-GTF is a low risk money market fund. At least 70% of the net assets will be invested in Government Securities issued by the GoP, which are highly liquid, and have low credit risk. The remaining assets will be invested in cash and near cash instruments, bank or NBFI/DFI placements. NIT-GTF was launched on January 22, 2016, as on December 31, 2016 NIT-GTF had fund under management of around Rs. 1.047 billion.
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NIT-GTF would focus on ensuring a high level of portfolio liquidity, while maintaining a portfolio composition which yields returns in excess of the benchmark.
All investments in mutual fund are subject to market risks. The investors are advised in their own interest to carefully read the contents of the Offering Document, in particular the Investment Policies mentioned in Clause 2.1.1, Risk Factors mentioned in Clause 2.4 and Warnings in Clause 9.1 before making any investment decision.