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 March 31st, 2024, NIT-MMF had Funds under management of around Rs. 38.207 Billion.
Objective
To Generate competitive returns with minimum risk for its unit holders by investing in low risk, liquid, short tenor fixed income securities/money market instruments.
Daily Price
Price Valid For 01 Oct 2024
NIT-MMF
Sale
10.2343
Repurchase
10.2343
Features of NIT-MMF
Competitive Returns
Lowest Management Fee
Professional fund management expertise
Risk diversification
Risk Meter
Fund Facts
Fund Type
Open-End
Category
Money Market
Risk Profile
Low
Fund Stability Rating
AAA (f) (PACRA) as of 09th March 23
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
5.0% of Gross Earnings, subject to a floor of 0.25%
and cap of 0.75% 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
