NIT


Introduction

Pakistan’s first dedicated Social Impact Fund — the NIT Social Impact Fund (NIT-SIF) — is an open-end income fund focused on the Micro-Finance Sector. The fund aims to channel impact investment into a rated asset pool of microfinance institutions to maximize financial returns while driving financially sustainable social development.

Objective

NIT Social Impact Fund (NIT - SIF) is an open-end Micro Finance Sector Income Fund Scheme that shall channelize funds of impact investors to leverage on the strengths of rated asset pool of Micro-Finance Sector, for maximization of financial returns and catalyze financially sustainable social impact.

The Micro-Finance Sector specific fund will be primarily dedicated to finance strategic and financially sustainable social initiatives such as women empowerment, agriculture value chains, MSME development, Low cost renewable energy and low-cost housing schemes through microfinance banks/institutions and any instrument with same objective issued by other Financial Institutions.

Micro-Finance Sector shall envisage the following:
- Micro-Finance Banks
- Micro-Finance Institutions
- Micro-Finance Entities/Organizations

Daily Price

Price Valid For
03 Jun 2026

NIT-SIF

Sale

11.3283

Repurchase

11.3283

Features of NIT-SIF

  • Offering competitive returns within the microfinance sector
  • Channels funds from impact investors into socially sustainable and financially viable projects
  • Aims to maximize investor returns while generating measurable social impact
  • Promotes financial access and empowerment for underserved communities
  • Managed by Experienced Fund Managers
  • 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

Income

Launch Date

16th May 2022

Risk Profile

Medium
Risk of Principal Erosion Principal at Medium Risk

Fund Stability Rating

A+ (f) (VIS) as of 03-Jan-2025

Initial Investment

Class “A” Units:
Initial Investments: Rs. 500,000 /-
Subsequent Investments: Rs. 2,500 /-
Class “B” Units:
Initial Investments: Rs. 500 /-
Subsequent Investments: Rs. 250 /-

Transaction Charges

Class “A” Units:
Front End Load: NIL
Back End Load: 1st Year – 3%,
2nd Year – 1.5%,
After 2 years – NIL
Class “B” Units:
Front End Load: Upto 2%*
Back End Load: NIL

Management Fee

1.10% p.a of Average Annual Net Assets

Pricing Mechanism

Forward Day

Benchmark

75% six (6) months KIBOR + 25% six (6) months
average of highest rates on saving account of three (3)
AA rated scheduled Banks as selected by MUFAP

5 Years Performance Period



Performance period NIT-SIF(%) Benchmark(%)
FY22 14.93% 15.22%
FY23 18.60% 18.33%
FY24 23.07% 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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