KARACHI:
The units of the newly launched NIT Islamic Equity Fund (NIT-IEF) are available at 23 nationwide branches and authorised banks. NIT-IEF has received an overwhelming support of investors. During the pre-IPO/IPO period, the fund has received a response of over Rs3.9 billion.
The new fund had to be launched to cater the needs of investors looking for Shariah-compliant investment avenues in the equity market. It is yet another manifestation of NIT for expanding its products range and investor base. NIT is Pakistan’s first and largest asset management company with assets under its management amounting to over Rs96 billion.
Published in The Express Tribune, May 20th, 2015.
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