I congratulate NIT for successfully completing 50 years of operations in the Mutual Fund Industry. As the Chairman MUFAP, it is my privilege to be part of an industry with members as outstanding as NIT who has over the years, facilitated small, medium and large investors and is firmly continuing to do so. Undoubtedly, it has brought a positive change in the capital markets.
Being the pioneer in Mutual Fund industry, NIT has played a key role in providing investment windows for all stakeholders with their Equity and Fixed Income funds. Ever since they started their operations in 1962, they have been leading by example in contributing towards the growth of this industry. Proudly standing with net assets under management of around Rs 74 Billion as on June 30, 2012, they held a market share of 18% and catered needs of over 57,000 unit holders. Their distribution network of 23 branches nation-wide has effectively paved way in servicing investors conveniently. Furthermore, they have also been represented by Arab Emirates Investment Bank in Dubai.
I wish all the best to NIT for its future endeavours and will extend support from MUFAP's platform in every possible way.
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