NIT


Introduction

NIT Money Market Fund (NIT-MMF) is an open-end Money Market Fund that primarily invests in short-term government securities, bank placements and other money market instruments. With a maximum allowable weighted average time to maturity of 90 days, the fund offers a low-risk Investment option for its investors.

Objective

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

Daily Price

Price Valid For
09 Jun 2026

NIT-MMF

Sale

10.7306

Repurchase

10.7306

Features of NIT-MMF

  • Competitive Returns with minimum risk
  • Lowest Management Fee
  • Managed by Experienced Fund Managers
  • Risk diversification
  • Better returns compared to other saving options with minimum risk
  • No Minimum Holding Period
  • No Penalty on Withdrawal
  • Easy Encashment
  • E-Transaction Facility (Including Raast Platform)

Risk Meter

Fund Facts

Fund Type

Open-End

Category

Money Market

Launch Date

22nd January 2016

Risk Profile

Low

Fund Stability Rating

AAA(f) (PACRA) as of 30-August-2024

Minimum Investment

Growth Units: PKR 1,000
Income Units: Rs. 100,000/-

Transaction Charges

Front-End Load: NIL
Back-End Load: NIL

Management Fee

0.55% p.a. of Average Annual Net Assets.

Pricing Mechanism

Backward Day Pricing

Benchmark

90% three (3) months PKRV rates + 10% three (3) months average of highest rates on saving account of three (3) AA rated scheduled Banks as selected by MUFAP

Risk of Principal Erosion

Principal at Low Risk

Subsequent Investments

PKR 500/-

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%
FY24 22.72% 20.90%

Offering Documents

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Fund FMR

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Consolidated FMR

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Trust Deed

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