NI(U)T and NIT Series Funds Report Year-End Financial Results

Karachi, The longstanding NI(U)T Fund, along with other NIT-managed funds, have disclosed their financial statements for the year ending June 2023. The NI(U)T Fund itself presented a redemption price of 65.97 from an offer price of 67.95, along with a distribution of Rs 4.50 per unit, reduced from Rs 2.33 per unit. Other funds, including the NIT Government Bond Fund and NIT Income Fund, also reported modest gains with respective distributions of Rs 0.52 and Rs 0.55 per unit. The NIT Islamic Equity Fund and NIT Islamic Income Fund, on the other hand, maintained their redemption and offer prices at 8.81 and 10.18, respectively, without announcing any distributions.