Karachi, National Investment Unit Trust informed Pakistan Stock Exchange that as per decision of Board of Directors of Mutual Funds Association of Pakistan (MUFAP) in its meeting held on August 13, 2021 and Pension Funds under management of AMCs on same date.
National Investment Unit Trust (NIUT) is the Pakistan’s largest and oldest Mutual Fund. The portfolio of NIUT Fund carries an investment of around Rs. 63.581 Billion invested in over 389 listed companies as on March 31, 2016. The Fund belongs to around 48,376 unit holders.
The National Investment Trust Limited (NITL) is the first Asset Management Company of Pakistan, formed in 1962 had Funds under management of approximately Rs. 88 billion, with around 54,864 unit holders as on March 31, 2016. NIT’s distribution network comprises of 23 Branches, Sarmayakari Markaz at Abbottabad, Investor Facilitation Centre at Karachi & various Authorized Bank Branches all over Pakistan.
Recently, Central Depository Company of Pakistan Limited (CDCPL) has been appointed as the new Trustee of NIUT Fund with the approval of Regulatory Authority.
The symbol “NIUT” is being used by the stock exchange for National Investment Unit Trust.