NIT


Introduction

NIT Khyber Pakhtunkhwa Islamic Pension Fund (NIT-KPIPF) is established in Pakistan as a Voluntary Pension Fund through and on the basis of a Trust Deed, dated July 24, 2023, entered into and between National Investment Trust Limited in its capacity as the Pension Fund Manager and Central Depository Company of Pakistan Limited in its capacity as the Trustee and is authorized under the Voluntary Pension System (VPS) Rules, 2005. NIT-KPIPF is for KPK Government Employees who have hired after 7th June 2022.

Objective

The objective of the Fund is to provide a secure source of retirement savings and regular income after retirement to the Employee(s) of Government of Khyber Pakhtunkhwa

Daily Price

Price Valid For
20 Nov 2024

KPK-IPF

Sale

118.3232

Repurchase

118.3232

Fund Facts

Fund Type

Voluntary Pension Scheme

Fund Structure

Unit Trust Scheme consisting of Sub-Funds under
the VPS Rules 2005.
NIT KP Islamic Pension Fund - Equity Sub Fund
NIT KP Islamic Pension Fund - Debt Sub Fund
NIT KP Islamic Pension Fund - Money Market Sub Fund
NIT KP Islamic Pension Fund - Equity Index Sub Fund

Eligibility

All Employees of KPK Government appointed/recruited
under the Khyber Pakhtunkhwa Civil Servants (Amendment)
Act, 2022 or an employee of the KPK Government,
regularized as civil servant through any legal instrument,
issued after coming into force of the Khyber Pakhtunkhwa
Civil Servants (Amendment) Act, 2022 irrespective of the
effective date of regularization shall be eligible to contribute
to the Pension Fund.

Minimum Contribution

The minimum amount of Contribution to open an account is
Rs. 1,000/- and the minimum amount of contribution to an
existing account is Rs. 1,000/- per transaction or such other
amount as may be prescribed by the Employer.

Change of Allocation Scheme

The Employee may change the Allocation Scheme as and
when required till retirement. Form for the change in
Allocation Scheme must be sent by the Employee in writing
or in such other form as may be acceptable to the Pension
Fund Manager.

Front-end Fee

No Front End Load shall be deducted from the Contributions
received from the Employee(s).

Taxation

Tax Credit will be available to Employee(s) on contributions
during any Tax Year subject to the limits prescribed under
Income Tax Ordinance 2001.

WANT TO SIGN-UP
FOR CP FUND ?

Watch video to get step by step guidance to register CP Fund

Simply click on the button below to register for your CP account. In the AMC section,
choose National Investment Trust Limited as your preferred AMC.

Offering Documents

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Fund FMR

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Consolidated FMR

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Trust Deed

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