NIT


Introduction

NIT Money Market Fund (NIT-MMF) (formerly NIT-GTF). It is an open end Money Market Fund, investing primarily in short-term Government securities, Bank Placements and any other Money Market Instrument with maximum weighted average time to maturity not exceeding 90 days.

NIT-MMF (formerly NIT-GTF) is a low risk money market fund. As on March 31st, 2024, NIT-MMF had Funds under management of around Rs. 38.207 Billion.

Objective

To Generate competitive returns with minimum risk for its unit holders by investing in low risk, liquid, short tenor fixed income securities/money market instruments.

Daily Price

Price Valid For
02 Oct 2024

NIT-MMF

Sale

10.2373

Repurchase

10.2373

Features of NIT-MMF

  • Competitive Returns
  • Lowest Management Fee
  • Professional fund management expertise
  • Risk diversification

Risk Meter

Fund Facts

Fund Type

Open-End

Category

Money Market

Risk Profile

Low

Fund Stability Rating

AAA (f) (PACRA) as of 09th March 23

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

5.0% of Gross Earnings, subject to a floor of 0.25%
and cap of 0.75% p.a. of Average Annual Net Assets.

Pricing Mechanism

Backward

Benchmark

70% three (3) months PKRV rates + 30% three (3) months
average deposit rate of three (3) AA rated scheduled Banks as
selected by MUFAP

5 Years Performance Period



Performance period NIT-MMF(%) Benchmark(%)
FY20 12.51% 11.64%
FY21 6.80% 6.70%
FY22 10.79% 9.28%
FY23 17.98% 17.01%
2024 22.72% 20.98%

Offering Documents

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Fund FMR

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Consolidated FMR

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Trust Deed

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