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NITL Launches Country’s First Social Impact Fund

by Suneela Zulfiqar
May 11, 2022
in Business, Finance
Reading Time: 1 min read
NITL Launches Country’s First Social Impact Fund
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Pakistan’s First Social Impact Fund (NIT-SIF) was launched by National Investment Trust Limited (NITL) to promote social improvement in the country by diversifying its portfolio and making it more relevant to its customers.

The NIT-Initial SIF’s Public Offering is an open-end Micro Finance Sector Income Fund Scheme that will channel impact investors’ funds to leverage the strengths of the Micro-Finance Sector’s rated asset pool to maximize double bottom-line financial returns and catalyze a financially sustainable social impact. It will take place from May 11 to 13.

The Micro-Finance Sector-Specific Fund will be primarily dedicated to financing strategic and financially sustainable social initiatives such as women empowerment, agriculture value chains, MSME development, low-cost renewable energy, and low-cost housing schemes through microfinance banks/institutions and any other financial institution’s instrument with the same goal.

With the addition of the NIT Social Impact Fund (NIT-SIF), NITL now has 14 funds in its portfolio, demonstrating its commitment to diversifying its portfolio and expanding the mutual fund options available to retail investors.

NITL even has a digital app on the Android Play Store and the iOS app store, as well as a strong nationwide distribution network that includes 27 Online Branches, an Investors’ Facilitation Center, and a customer service contact center to assist its unitholders of over 53,000.

Tags: latestMicro-Finance Sector'National Investment TrustSocial Impact Fund
Suneela Zulfiqar

Suneela Zulfiqar

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