Hussain Kaisrani replied on Wednesday, June 17, 2015 09:03 AM
Salaam,
I have already provided required information under your previous post. I did receive an email of same subject which is also replied.
Regards.
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In mutual funds set up, it is not a good choice to go for a fixed monthly income. As far as NIT Islamic Equity Fund is concerned, it is considered ISLAMIC due to the reason that it is not fixed.
Please go through following link for general information regarding NIT mutual funds offering. If needed to discuss further, you may call their market officer Mr Mudassir Zulfiqar ( or 35875379)
http://www.nit.com.pk/index.php?option=com_content&view=article&id=181&Itemid=272#?514
The process is simple. You are required to download and print the application form of mutual fund in which you want to invest. Sign and deliver it to NIT office with a cross cheque in favour of NIT (the name of mutual fund) and CNIC card. You will be issued a receipt against your cheque. After two weeks or so, statement will be delivered at your address.
You may keep checking the unit rates online. Account details and updates are dispatched and you can also get an access to your account.
NIT Islamic Equity Fund rate is now Rs.10.40/=. Its initial offering price on May 15, 2015 was Rs.10/=. NIT is not charging its administration charges (2%) till June 31 so it is very close to its initial offering price. In this situation it is a good buy if you can wait till three years or so.
Having said that it is not recommende the investment of huge amount of 1 Million. |
