Home FUNDS Mutual Funds NIT-GTF


Introduction


In an effort to expand its current suite of products, NIT has launched the NIT Government Treasury Fund (NIT-GTF). It is an open end Money Market Fund, investing primarily in short-term Government securities with maximum weighted average time to maturity not exceeding 90 days.


NIT-GTF is a low risk money market fund. At least 70% of the net assets will be invested in Government Securities issued by the GoP, which are highly liquid, and have low credit risk. The remaining assets will be invested in cash and near cash instruments, bank or NBFI/DFI placements. NIT-GTF was launched on January 22, 2016, as on June 30, 2017 NIT-GTF had fund under management of around Rs. 981 Million.



Offering Document

1st Supplemental Offering Document

2nd Supplemental Offering Document

Consolidated Offering Document NIT-GTF




Trust Deed


Fund Manager Report


Price / NAV History



Objective


NIT-GTF would focus on ensuring a high level of portfolio liquidity, while maintaining a portfolio composition which yields returns in excess of the benchmark.


SALIENT FEATURES

Fund Type Open-End
Category Money Market
Risk Profile Low
Minimum Investment Initial Amount: PKR 1,000
Subsequent Amount: PKR 500
Par Value Rs. 10/-
Transaction Charges Front-End Load: NIL
Back-End Load: NIL
Management Fee 7.5% of Gross Earnings, subject to a cap of 1 percent p.a. of Average
Annual Net Assets
Pricing Mechanism Backward
Benchmark 70% Weighted Average of 3M PKRV Rate
30% Average of 3M TDR of 3 scheduled banks rated AA and above
Benefits
Competitive Returns
Lowest Management Fee
Professional fund management expertise
Risk diversification
No minimum holding period
Ease of redemption
No penalty on withdrawal
Taxations
Tax Credit will be available to Participants on investment during the year subject to the limits prescribed under the Income Tax Ordinance 2001 (XLIX OF 2001)


Risk Disclaimer


All investments in mutual fund are subject to market risks. The investors are advised in their own interest to carefully read the contents of the Offering Document, in particular the Investment Policies mentioned in Clause 2.1.1, Risk Factors mentioned in Clause 2.4 and Warnings in Clause 9.1 before making any investment decision.