Daily Price
Price Valid For 20 Nov 2024
NIT-IIF
Sale
10.2901
Repurchase
10.2901
Features of NIT-IIF
- Competitive Riba-free Returns
- Shariah compliant investments
- Low Wakalah Fee (Management Fee)
- Professional fund management expertise
- Risk diversification
Risk Meter
Fund Facts
Fund Type
Open-End
Category
Shariah Compliant (Islamic) Income
Risk Profile
Medium
Fund Stability Rating
AA- (f) as of 09th March 2023
Minimum Investment
Initial Amount: PKR 1,000 Subsequent Amount: PKR 500
Par Value
Rs. 10/-
Transaction Charges
Front-End Load: NIL Back-End Load: NIL
Management Fee
7.5% of Gross Earings of the fund , subject to a minimum fee of 0.25% p.a. and maximum fee of 1% p.a. of Average Annual Net Assets
Pricing Mechanism
Forward Day
Benchmark
Six (6) months average deposit rates of three (3) A rated scheduled Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP
5 Years Performance Period
| Performance period | NIT-IIF(%) | Benchmark(%) |
|---|---|---|
| FY20 | 10.44% | 6.33% |
| FY21 | 6.32% | 3.56% |
| FY22 | 9.67% | 3.34% |
| FY23 | 16.54% | 6.05% |
Offering Documents
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Fund FMR
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Consolidated FMR
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Trust Deed
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