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NIT

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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 June 30th, 2024 NIT IF had funds under management of around Rs. 2.574 billion and had approximately 1,172 unit holders.

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.

Daily Price

Price Valid For
20 Nov 2024

NIT-IF

Sale

11.0814

Repurchase

10.9717

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

Fund Facts

Fund Type

Open-End

Category

Income

Risk Profile

Medium

Fund Stability Rating

AA- (f) as of 09th March 2023

Initial Investment

Growth Units : PKR 5,000
Income Units: PKR 100,000

Subsequent Investment

Growth Units : PKR 1,000
Income Units: PKR 2,500

Par Value

Rs. 10/-

Transaction Charges

Front-End Load: 1%
Back-End Load: NIL

Management Fee

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

Forward Day

Benchmark

Average of six (6) months KIBOR rates

5 Years Performance Period



Performance period NIT-IF(%) Benchmark(%)
2020 12.58% 12.22%
2021 6.37% 7.43%
2022 10.64% 10.81%
2023 17.10% 18.33%
2024 22.20% 21.88%

Offering Documents

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Fund FMR

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Consolidated FMR

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Trust Deed

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