Pakistan's first & largest asset management company National Investment Trust Ltd (NIT) has launched two pension funds. The offering of the new funds has started from 19th June, 2015. New funds include NIT-Islamic Pension Fund and NIT-Pension Fund. The purpose of this initiative is to provide a secure source of savings and regular income after retirement to the participants of the fund. It also gives an opportunity to the common people and those salaried employees who want to avail old age benefits by simply investing minimum of Rs 1000 in NIT Pension Scheme.
The pension funds provide the choice to the investors to go with Islamic or Conventional pension schemes. This scheme will provide tax incentives, admissible as per tax laws. Prior to pension funds, NIT had started NIT Islamic Equity Fund (NIT-IEF) in May-2015. It is yet another manifestation of NIT for expanding its products range and investor base. NIT is presently holding the assets under its management of over Rs 97 billion.-PR
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