National Investment Trust, Pakistan's first and largest asset management company has electronically transformed its services using modern technological techniques to facilitate its unit-holders. "With the introduction of latest technology for transaction, NIT is now set to redefine the mutual funds market as well as better serve its valued investors and customers", a press release issued here said.
Commenting on the achievement, Chairman and MD of NIT, Wazir Ali Khoja said that NIT has been recognised as a beacon of positive change in the capital markets. The company has led by example with an aim to provide necessary opportunity to all stakeholders and contribute towards healthy growth of the industry. The new service will definitely open new doors of convenience for NIT unit-holders by having easy access to their cash 24/7. NIT has introduced ATM cards for its unit-holders all across the country. These cards will now enable its unit-holders to withdraw cash against instant redemption and dividends of their units. The unit-holders can avail the benefits of ATM even without having account in Summit Bank.
NIT was formed in 1962 and currently holds assets worth approximately Rs 82 billion with around 60,000 unit holders. The distribution network comprises of 22 branches and 102 authorised bank branches all over Pakistan. The company has five funds including The National Investment Unit Trust, which is Pakistan's largest and oldest mutual fund; NIT-State Enterprise Fund; NIT-Equity Market Opportunity Fund, NIT Government Bond Fund and NIT Income Fund. All the funds under management of NIT posted good earnings while outperforming their respective benchmarks comprehensively for the quarter ended September 30, 2011.-PR
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