Cashing out: NIT declares interim distribution for all funds

NI(U)T fund gives out Rs4.25 per unit, offers highest return of 17.92%

KARACHI: National Investment Trust, the largest asset management company in Pakistan, has declared interim distribution for all funds under its management for the year ending June 30, 2015. NIT is presently managing eight funds with assets under management of around Rs95 billion as of June 23, 2015.

NI(U)T fund

The board of directors of NIT has declared an interim cash dividend at Rs4.25 per unit for unit holders of NI(U)T for the year ending on June 30, 2015 compared to Rs4.10 per unit in the previous year.

The payment would involve a cash payout of over Rs4.6 billion among its unit holders. This dividend distribution along with appreciation in unit price offered a return of 17.92% up to June 23, 2015. The size of NI(U)T fund stood around Rs72.2 billion.

NIT-SEF

The board has declared an interim cash dividend of Rs4 per unit for the year ending June 30, 2015. The size of the fund stood around Rs3.2 billion as on June 23, 2015.

NIT-EMOF

The board has declared an interim dividend of Rs7.50 per unit in the form of cash for the year ending June 30, 2015. This dividend along with the price appreciation in unit price offered a return of 11.90% up to June 23, 2015. The size of the fund stood around Rs8.4 billion.

NIT-GBF

The board has declared an interim distribution of Rs1.38 per unit compared to Rs0.75 per unit in the last year. It offered an annualised return of 13.92% up to June 23, 2015. The size of the fund stood around Rs3.7 billion.

NIT-IF

The board has declared an interim distribution of Rs1.21 per unit for the year ending on June 30, 2015 compared to Rs0.72 per unit in the previous year. The payout in the form of cash dividend along with price appreciation in unit price offered an annualised return of 14.20% up to June 23, 2015. The size of the fund stood around Rs2.7 billion.

Published in The Express Tribune, June 25^th,  2015.

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