Lahore, July 05: National Investment Trust Limited (NITL), the first and the largest Asset Management Company of Pakistan, has declared results of all Funds under its management for the year ended on 30th June 2018 after its Board of Directors approved the payouts for Funds, this was stated by Acting Managing Director – NIT, Mr. Manzoor Ahmed in a press release issued on July 05, 2018. NIT is presently managing ten Funds with net assets under management of around Rs. 98,397 million as on June 30, 2018.

NI (U)T Fund

NIT has declared a cash dividend of Rs. 2.33 per unit (for full year) for unit holders of NI(U)T Fund for the year ended on 30th June 2018. The payment of dividend @ Rs. 2.33 per unit would involve a huge payout of Rs. 2,233 million among its unit holders.

During FY18, despite difficult stock market conditions, NI(U)T Fund has earned a net income of Rs. 2,534 million translating into an earning per unit of Rs. 2.64.

As of 30th June 2018, net assets of NI(U)T Fund stood at Rs. 70,775 million.

NIT-State Enterprise Fund (NIT-SEF)

NIT has declared a cash dividend of Rs. 1.0 per unit (for full year) for unit holders of NIT-State Enterprise Fund for the year ended on June 30, 2018.

During FY18, the Fund has earned a net income of Rs. 196 million translating into an Earning Per Unit of Rs. 1.30.

As of 30th June 2018, Net Assets of NIT State Enterprise Fund stood at Rs. 2,637 million.

NIT – Equity Market Opportunity Fund (NIT-EMOF)

NIT has declared a per unit cash dividend of Rs. 10 (for full year) for unit holders of NIT Equity Market Opportunity Fund for the year ended on 30th June 2018.

During the year under review, the Fund has earned a net income of Rs. 584 million which translates into per unit earning of Rs. 14.89.

As of 30th June 2018, Net assets of NIT Equity Market Opportunity Fund stood at Rs. 8,657 million.

NIT – Islamic Equity Fund (NIT-IEF)

Impairment losses dragged down the profitability of NIT Islamic Equity Fund and translated it into a net loss of Rs. 86 million (Loss per unit of Re. 0.21), hence, no dividend was declared.

As of 30th June 2018, net assets of NIT Islamic Equity Fund stood at Rs. 4,134 million.

NIT Government Bond Fund (NIT-GBF)

NIT has declared a per unit cash dividend Rs. 0.5348 (for full year) for unit holders of NIT Government Bond Fund for the year ended on 30th June 2018.

For the year ended on 30th June 2018, the Fund has earned a net income of Rs. 206 million.

As of 30th June 2018, the net assets of NIT Government Bond Fund stood at Rs. 4,041 million.

NIT Income Fund (NIT-IF)

NIT has declared a cash dividend of Rs. 0.5746 per unit (for full year) for unit holders of NIT Income Fund for the year ended on 30th June 2018.

For the year ended on 30th June 2018, the Fund has earned a net income of Rs. 263 million.

As of 30th June 2018, the net asset of NIT Income Fund stood at Rs. 5,574 million.

NIT Money Market Fund (Formerly NIT Government Treasury Fund)

NIT has declared a per unit cash dividend of Rs. 0.6693 (for full year) for unit holders of NIT Money Market Fund (formerly NIT Government Treasury Fund) for the year ended on 30th June 2018.

For the year ended on 30th June 2018, the Fund has earned a net income of Rs. 73 million.

As of 30th June 2018, Net Assets of NIT Money Market Fund (formerly NIT Government Treasury Fund) stood at Rs. 1,322 million.

NIT Islamic Income Fund (NIT- IIF)

NIT has declared a per unit cash dividend of Rs. 0.5810 (for full year) for the unit holders of NIT Islamic Income Fund for the year ended on 30th June 2018.

During FY18, the Fund has earned a net income of Rs. 26 million.

As of 30th June 2018, Net assets of NIT Islamic Income Fund stood at Rs. 549 million.

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