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Introduction


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


NIT-MMF (formerly NIT-GTF) is a low risk money market fund. As on 31st October 2018, NIT-MMF had Funds under management of around Rs. 1.41 Billion.



Consolidated Offering Document NIT-GTF
Offering Document

1st Supplemental Offering Document

2nd Supplemental Offering Document

3rd Supplemental Offering Document




Trust Deed

1st Supplemental Trust Deed


Fund Manager Report

Financials

Price / NAV History



Objective


NIT-MMF (formerly 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% three (3) months PKRV rates + 30% three (3) months average deposit rate of three (3) AA rated scheduled Banks as selected by MUFAP
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.