NITL, in its efforts to provide a wide range of services to cater to the needs of different classes of investors, has launched " NIT Income Fund" in the Fixed Income Category. It is also an open end Income Fund. As on June 30th, 2024 NIT IF had funds under management of around Rs. 2.574 billion and had approximately 1,172 unit holders.
Objective
The objective of "NIT IF" is to generate competitive stream of return with moderate level of risk for its unit holders, by investing primarily in portfolio of fixed income securities with weighted average time to maturity not exceeding four (4) years.
In order to achieve its primary objective of generating competitive return for its unit holders, NIT IF would substantially invest in a diversified portfolio comprising of high quality debt securities.
The fund shall at all time maintain a minimum of 25% of net assets in the form of cash & near cash instruments, whereas, the fund can take exposure of up to 75% of net assets in high quality debt securities.
Daily Price
Price Valid For 01 Oct 2024
NIT-IF
Sale
10.8839
Repurchase
10.7761
Features of NIT-IF
maximize returns for Unit holders
provide a regular stream of current income through dividends
Avail Tax Credit (as per applicable tax laws)
Risk Meter
Fund Facts
Fund Type
Open-End
Category
Income
Risk Profile
Medium
Fund Stability Rating
AA- (f) as of 09th March 2023
Initial Investment
Growth Units : PKR 5,000
Income Units: PKR 100,000
Subsequent Investment
Growth Units : PKR 1,000
Income Units: PKR 2,500
Par Value
Rs. 10/-
Transaction Charges
Front-End Load: 1%
Back-End Load: NIL
Management Fee
10% of Gross Earnings, subject to a minimum of 0.50% & a
maximum of 1.25% per annum of average annual net assets
