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Introduction

NITL, in its efforts to provide a wide range of services to cater to the needs of different classes of investors, has launched " NIT Income Fund" in the Fixed Income Category. It is also an open end Income Fund. As on December 31st, 2019 NIT IF had funds under management of around Rs. 3.653 billion and had approximately 1,241 unit holders.

Daily Price

As on 03 Apr 2020
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Sale Repurchase
11.1478 11.0374




Objective

The objective of "NIT IF" is to generate competitive stream of return with moderate level of risk for its unit holders, by investing primarily in portfolio of fixed income securities with weighted average time to maturity not exceeding four (4) years.


In order to achieve its primary objective of generating competitive return for its unit holders, NIT IF would substantially invest in a diversified portfolio comprising of high quality debt securities.


The fund shall at all time maintain a minimum of 25% of net assets in the form of cash & near cash instruments, whereas, the fund can take exposure of up to 75% of net assets in high quality debt securities.


Benefits of NIT-IF
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Competitive Returns
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Low Management Fee
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Professional Fund Management Expertise
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Moderate

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No Minimum Holding Period
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Ease of Redemption
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No Penalty on withdrawl
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Easy Encashment

Features of NIT-IF:

  • maximize returns for Unit holders
  • provide a regular stream of current income through dividends
  • Avail Tax Credit (as per applicable tax laws)

Risk Meter

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Price NAV / History

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Fund Facts


Fund Type Image Not Found
Open-End


Category Image Not Found
Income


Risk Profile Image Not Found
Moderate


Fund Stability Rating Image Not Found
A+(f)


Initial Investment Image Not Found
Growth Units : PKR 5,000
Income Units: PKR 100,000


Subsequent Investment Image Not Found
Growth Units : PKR 1,000
Income Units: PKR 2,500


Par Value Image Not Found
Rs. 10/-


Transaction Charges Image Not Found
Front-End Load: 1%
Back-End Load: NIL


Management Fee Image Not Found
10% of Gross Earnings, subject to a minimum of 0.50% & a
maximum of 1.25% per annum of average annual net assets


Pricing Mechanism Image Not Found
Forward Day


Benchmark Image Not Found
Average of six (6) months KIBOR rates

Offering Documents

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Trust Deed

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5 Years Performance Period

Performance period FY19 FY18 FY17 FY16 FY15
NIT-IF 7.25% 5.22% 5.37% 5.87% 14.09%
Benchmark 10.21% 6.35%% 6.10%% 6.53% 9.01%
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