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Introduction

The National Investment Trust Limited (NITL) is the first Asset Management Company of Pakistan, formed in 1962, had Funds under management of approximately Rs. 124 billion, with around 54,458 unit holders as on May 31, 2017. NIT's distribution network comprises of 23 Branches, Sarmayakari Markaz at Abbottabad, Investor Facilitation Centre at Karachi & various Authorized Bank Branches all over Pakistan. The Trust constituted under the Trust Deed dated 12th November 1962, executed between National Investment Trust Ltd (NITL) as Management Company and National Bank of Pakistan as Trustee.

Recently, Central Depository Company of Pakistan Limited (CDCPL) has been appointed as the new Trustee of NIUT Fund with the approval of Regulatory Authority. The change has been finalized vide 7th supplemental Trust Deed dated 1st April, 2014 executed between National Investment Trust Limited (NITL) as Management Company and Central Depository Company of Pakistan Limited (CDCPL) as Trustee with effect from 16th May, 2014.