Investment Objective

NIT Islamic Pension Fund aims to provide participants with a savings vehicle geared for retirement planning and providing decent returns through investments in its various sub-funds.

About the Fund

NIT Islamic Pension Fund, a Shariah Compliant Voluntary Pension Scheme (VPS) is the perfect investment opportunity to fulfill your objective of a happy retirement. It allows you to allocate a part of your income for your retirement and invest it to grow. NIT Islamic Pension Fund has a mechanism through which your contributions are invested based on the allocation scheme selected by you in the underlying sub-funds namely NITIPF Equity Sub-Fund, NITIPF Debt Sub-Fund and NITIPF Money Market Sub-Fund.

Equity Sub-Fund: Invests in equity to get long-run capital gains and attractive returns with exposure to the volatility of the stock market.
Debt Sub-Fund: Invests in Fixed Income securities, such as PIB’s, CP & TFC’s having good credit rating and liquidity.
Money Market Sub-Fund: Invests primarily in short term Shariah Compliant money market instruments, such as Islamic Bank deposits and STS (short term sukuks) to provide a regular and stable profit stream.

Benefits At a Glance

• Steady Investment: Choose an allocation scheme based on your investment goals and risk and return objectives.
• Tax Benefit: Avail up to 20% savings in taxes**.
• Tax-Free Growth in Investment: Investment contributions and profits are accumulated tax-free until your retirement.
• Retirement Planning: Choose your retirement age, between 60 to 70 years, or 25 years since your first contribution to a pension fund, whichever is earlier.
• Tax-Free early disability retirement: Avail full benefits in case of early retirement due to severe disability/illness that prevents you from working.
• Tax-free Lump sum withdrawal: At retirement, option to withdraw up to 50% of the accumulated balance, free of tax.
• Monthly/Annuity Plan Option: At retirement, maintain your lifestyle by receiving a regular income stream from your accumulated balance by buying an Approved Annuity Plan or Approved Income Payment Plan.
• Pension Fund Continuity: Your VPS investment is not affected by changing jobs.

Why Saving is necessary for your Retirement?

After working hard for whole life, a person required a carefree and peaceful retirement with the loved ones. However, an unorganized retirement can lead to financial difficulties and dependence on others. To maintain your lifestyle, spend time with your loved ones and catching up on all the things you missed while working, you need to plan for your retirement from early age. The earlier you start saving, the more you will have when you retire.

Are You Planning To?

• Save and Invest for a specific objective
• Have Consistent Regular Monthly Income
• Save for your retirement period
• Grow wealth in the long term horizon
• Keep your capital preserved with attractive returns

Value Added Services

• Committed Relationship Manager
• Free SMS and Email Notifications on all transactions
• Real Time access facility through Online services & mobile application

Fund Facts

Fund Type

Open End Shariah Compliant Voluntary Pension Scheme (VPS)

Fund Inception

June 19, 2015

Fund Size

778 million as of March 31, 2025

Minimum Investment

Rs. 1,000/-

Underlying Funds

Equity Sub- Fund,Debt Sub- Fund and Money Market Sub- Fund

Allocation Schemes

Specified allocation (high, medium, low and lower volatility) Customized allocation (based on risk/return preference & time to retirement) Lifecycle allocation (allocation changes based on age).

Lock-in Period

No Lock-in period (Subject to applicable tax on pre-retirement withdrawal as per law)

Load

Front End Load: 0% to 3%
Back End Load: NIL

Management Fee

On average Annual Net Assets of each Sub-Fund: Equity 0.75%, Debt 0.50%, Money Market 0.50%

Eligibility

• Pakistani having valid Computerized National Identity Card (CNIC) or National Tax Number (NTN)
• Non-Resident Pakistani having valid National Identity Card for Overseas Pakistani (NICOP)
• Employer on behalf of their employees

Auditors

GT Anjum Rahman Chartered Accountants

Trustee

Central Depository Company (CDC)

Asset Manager Rating

AM1 by PARCA (24-05-24)
AM1 by VIS (01-01-25)

Allocation Scheme	Suitability	Equity and / or Index Sub-Fund	Debt Sub-Fund	Money Market Sub-Fund
High Volatility	Long term horizon and high-risk ability/return objective	Min 20%	Min 65%	Nil
Medium Volatility	Medium term horizon and moderate risk ability / return objective	Min 40%	Min 35%	Min 10%
Low Volatility	Short to medium term horizon and low-risk ability/return objective	Min 60%	Min 60%	Min 15%
Lower Volatility	Investors nearing retirement age and very low-risk ability/return objective	Min 40%	Nil	Min 40%
Customized Allocation Scheme	Depending on risk preference / return objective and time to retirement	0%-100%	0%-100%	0%-100%

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