Introduction
NITL, in its efforts to provide a wide range of services to cater the needs of different classes of investors, has launched NIT Government Bond Fund. It is an open end Income Fund investing primarily in the short term as well as long term Government Securities with maximum weighted average time to maturity not exceeding 7.5 years.
NIT GBF is a low risk income fund with major investment (70% or above) in Government Securities while at least 25% shall be invested in cash and near cash instruments which includes cash in bank account (excluding TDRs) and treasury bills not exceeding 90 days maturity. As on September 30th, 2019, NIT GBF had funds under management of around Rs. 3.58 billion and had approximately 1,140 unit holders.
Consolidated Offering Document NIT-GBF
Offering Document
1st Supplemental Offering Document
2nd Supplemental Offering Document
3rd Supplemental Offering Document
4th Supplemental Offering Document
5th Supplemental Offering Document
Consolidated Trust Deed
Trust Deed
1st Supplemental Trust Deed
2nd Supplemental Trust Deed
Objective
The primary objective of NIT - GBF is to generate best possible return with minimum risk, for its Unit Holders, by investing primarily in the government securities.
Performance
Performance Reports will be provided on periodic basis (as applicable) in following areas:
Fund Manager Report
Financial
Price/NAV History
Risk disclosure
All investments in mutual funds are subject to market risks. The NAV of units may go up or down based on the market conditions. The investors are advised in their own interest to read the contents of the offering document in particular the investment policy, risk disclosure, disclaimers and warnings mentioned in clauses 2.2, 2.7, 2.9, 9.3 and 11 respectively, before making any investment decision.
