Karachi: The profit-making journey of National Investment Trust Limited (NITL), and its investors continued despite dismal situation of local market, as showing its outstanding results along with remarkable payouts for all Funds under its management for the year ended 30th June 2012.
As of June 2012, NIT is managing 5 Funds with net assets under management of around Rs. 74,152 million.
MD-NIT said that NIT has launched a campaign to create awareness among general public about mutual funds. In this respect, NIT sets up kiosks throughout the year in leading shopping malls and in mega events nationwide.
He further stated that number of days to meet redemption requests has significantly been reduced and in order to further facilitate its investors, NIT has introduced an ATM based redemption facility which allows investors to redeem its units without any loss of time and hassle of paper based documentation.
While disclosing its future plans, he informed that in order to facilitate its unit holders a state of the art Investors facilitation centre has been established and would soon be inaugurated which would provide additional services to its unit holders. He also indicated that NIT is in the process of setting up a call centre which would provide round the clock information/ facilities to its existing as well as potential investors. For fast and easy access, separate Toll Free Number is being acquired for Investors Facilitation Centre.
During the last 15 months, NIT opened 3 new branches, two in Lahore and one in Karachi. With the addition of these three branches, the nationwide distribution network now comprises of 22 NIT branches. Opening of few more branches is in pipeline and would hopefully start their operations in next fiscal year. He also revealed that NIT is working on new products and would soon be introducing new schemes to cater the needs of investors.
The Chairman & MD – NIT stated that on 12th November 2012, NIT would be completing 50 years of its asset management services to its unit holders. While referring to the Golden Jubilee of its services, MD – NIT said that it is matter of great pleasure to inform that since its launch in 1962, NIT has never missed dividend for a single year. In Mutual Fund Industry, NIUT holds & maintains the largest equity portfolio not only in terms of size but also in terms of number of companies. As on 30th June 2012, the number of unit holders of NIT stood at around 57,000.
NIT, being pioneer in the mutual fund industry, fully understands its Corporate Social Responsibilities and has been playing its role towards poor/needy/neglected people by contributing generously.
While progressing by leaps and bounds, NIT did not forget its employees and introduced Hajj Scheme for its employees so that they could perform the spiritual obligations without any financial burden.
At the end, MD-NIT assured that, as per its past practice, NIT would continue playing a vital role in the development of capital markets and mutual fund industry as first & largest asset management company of Pakistan.
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