Daily Price
Price Valid For 15 Oct 2024
NIT-SIF
Sale
10.7843
Repurchase
10.7843
Features of NIT-SIF
- Microfinance perceived as a risky sector despite having lower PAR/NPLs as compared to banks.
- Credit enhancement structures in addition to charge on receivables ,hinders true operational potential and make it economically inefficient.
- MF players rely more on bilateral arrangements with Banks (more convenient) than exploring Capital Market platform.
Risk Meter
Fund Facts
Management Company
National Investment Trust Limited
Fund Type
Listed Unit Scheme, Perpetual, Open End Income Fund
Fund Category
Sector Specific Income Fund
Risk Profile
Medium (As per SECP Risk Profiling)
Fund Stability Rating
A+ (f) (VIS) as of 30th December 2022
Unit Classes
Class “A” Units:
Front End Load: NIL
Back End Load: 1st Year – 3%,
2nd Year – 1.5%,
After 2 years - NIL
Initial Investments: Rs. 500,000 /-
Subsequent Investments: Rs. 2,500 /-
Class “B” Units:
Front End Load: 2%*
Back End Load: NIL
Initial Investments: Rs.500 /-
Subsequent Investments: Rs. 250 / -
Fund Allocation
Cash and Cash equivalents: Min: 25%, Max: 100%
Govt Securities (PIBs/Tbills etc): Min: NA, Max: 30%
Rated TFCs/CPs/others of MFIs/MFBs: Upto 70%
Green Bonds/Social Impact Bonds of other Financial
Institutions Upto 30% Min. Investment Grade - BBB
Applicable Regulatory Framework
Rules governing asset management in accordance
with Part VIII-A of the Companies Ordinance, 1984
and the NBFC & NE Regulations, 2008
Trustee (CDC)
Central Depository Company of Pakistan
Management Fee
10% of gross earnings, subject to maximum of
1.25% p.a and minimum of 0.5% p.a of Average
Annual Net Assets
5 Years Performance Period
| Performance period | NIT-SIF(%) | Benchmark(%) |
|---|---|---|
| FY22 | *Launched on | 16th May, 2022 |
| FY22 | 14.93% | 15.22% |
| FY23 | 18.60% | 18.33% |
| 2024 | 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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