Presentation on NIT FundsAt

Pakistan IPO Summit – 2014

Friday, January 31, 2014

By: Mr. Manzoor Ahmed, MD – NIT

NITL Corporate Profile

First Asset Management Company (AMC) of Pakistan, formed in 1962.

The Shareholders of NITL include:

Banks/DFIs

Industrialists

Government of Pakistan

Pakistan ahead of India and probably first in SAARC Countries to launch a Mutual Fund.

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NITL Corporate Profile

Total AUMs of mutual fund industry are around Rs. 413 billion with 195 funds (Open/Close/Pension).

Net Assets of NITL stand at around Rs. 86 billion across 5 funds.

AUM’s constitute about 21% of the entire mutual fund industry.

The flagship NI(U)T Fund has grown to be the single largest Equity Fund of the country.

With size of around Rs. 54 billion invested in around 385 companies.

Around 54,000 unit holders, highest of the any AMC in the country.

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* Source: MUFAP, NIT as of Dec. 31 2013; Industry figures includes NIT-SEF & NIT-EMOF

NITL – Family of Funds

NI(U)T Fund

NIT State Enterprise Fund

NIT Equity Market Opportunity Fund

NIT Government Bond Fund

NIT Income Fund

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EQUITY FUNDS

INCOME FUNDS

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Size of Funds Under Management of NITL (as of Jan 28, 2014)

Fund Name Fund Type Net Assets

NI(U)T Equity 58,503

NIT-SEF Equity 17,046

NIT-EMOF Equity 8,285

NIT-GBF Income 4,345

NIT-IF Income 3,381

Total   91,561

(Rs in million)

NI(U)T Fund Objective

The core objective of NI(U)T is to maximize return for Unit holders, provide a regular stream of current income through dividends, while long term growth is achieved by the management of diversified portfolio and investments into growth and high yielding equity securities.

FUND TYPE Open End

CATEGORY Equity

LAUNCH DATE 12th November 1962

MANAGEMENT FEE 1.00%

FRONT END LOAD* 3.00%

BACK END LOAD NIL

BENCHMARK KSE-100 Index

PAR VALUE PKR 10.00

CURRENT NAV** PKR 54.15

MINIMUM INVESTMENT PKR 5,000

TRUSTEE National Bank of Pakistan

6* Varies as per policy. ** NAV as of Jan 28, 2014

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NI(U)T Fund

Sector wise Allocation (as of January 28, 2014)

NI(U)T Fund

No. COMPANY NAME % of PORTFOLIO

1. PAKISTAN STATE OIL COMPANY LTD. 10.4%

2. FAUJI FERTILIZER COMPANY LTD 6.0%

3. BANK AL - HABIB LTD. 5.8%

4. BATA PAKISTAN LTD 5.8%

5. SONERI BANK LTD 2.8%

6. HABIB METROPOLITAN BANK LTD 2.7%

7. PACKAGES LTD 2.4%

8. GLAXOSMITHKLINE (PAK) LTD 2.3%

9. SIEMENS PAKISTAN ENGINEERING CO 2.3%

10. SHEZAN INTERNATIONAL LTD 2.2%

TOTAL 42.7%

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Top Ten Holdings (as of January 28, 2014)

Performance of NI(U)T

NI(U)T Return Benchmark Return Out/(Under) Performance

FY13 58.42% 52.20% 6.22%

FY14 YTD* 40.07% 26.80% 13.27%

* Till 28th Jan. 2014

Top 10 Best Performing Equity Funds (as of Jan 28, 2014)

Source: MUFAP

No. FUND’S NAME FY14 YTD Return1. National Investment Unit Trust 40.07%

2. AKD Opportunity Fund 34.43%

3. JS Large Cap Fund 30.46%

4. Safeway Mutual Fund 29.39%

5. Crosby Dragon Fund 28.05%

6. Asian Stocks Fund 26.39%

7. JS Growth Fund 26.15%

8. PICIC Stock Fund 25.38%

9. Lakson Equity Fund 24.79%

10. First Capital Mutual Fund 22.40%

NIT – State Enterprise Fund Objective

The objective of the NIT State Enterprise Fund is to take advantage of market conditions and acquire a selection of eligible stocks thereby creating an opportunity for investors to achieve superior returns.

Sector wise Allocation (as of January 28, 2014)

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NIT – State Enterprise Fund

Launched in January 2009 to help support the stock market.

Mandate to invest in 8 state-owned/controlled enterprises.

An amount of Rs. 17.2 billion was borrowed from various financial institutions.

The loan was backed by a guarantee of the GoP.

Current Position (as of January 28, 2014)

Total borrowings of Rs. 17.2 billion have been paid off.

Total markup of around Rs 9 billion has been paid.

Net assets after full and final payment stand at Rs. 17.05 billion.

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Performance of NIT-SEF

NIT-SEF Return Benchmark Return Out/(Under) Performance

FY13 40.90% 52.20% (11.3%)

FY14 YTD* 19.17% 26.80% (7.63%)

Since Inception 354.79% 341.18% 13.61%

* Till Jan 28, 2014

NIT – Equity Market Opportunity Fund

ObjectiveThe Objective of Equity Market Opportunity Fund is to invest the Funds in Equity Market at a time when the Management Company of the Fund has reasons to believe that there is an opportunity to invest the fund in a gainful manner and such investment is in the benefit of the Fund taking a long term perspective.

Sector wise Allocation (as of January 28, 2014)

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NIT – Equity Market Opportunity Fund

Established in July 2008 to stabilize the stock market during distressed conditions.

An amount of Rs. 5.1 billion was invested by 4 institutional investors.

Current Position (as of January 28, 2014)

Total units worth Rs. 3.72 billion have been redeemed to the investors till date.

Current net assets stand at Rs 8.29 billion.

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Performance of NIT – EMOF

NIT-EMOF Return Benchmark Return Out/(Under)

Performance

FY13 41.85% 52.20% (10.35%)

FY14 YTD* 19.87% 26.80% (6.93%)

Since Inception 151.34% 138.90% 12.44%

* Till Jan 28, 2014

NIT Government Bond Fund

Objective The objective of NIT Government Bond Fund is to generate best possible return

with minimum risk, for its Unit Holders, by investing primarily in Government Securities.

Asset Allocation (as of January 28, 2014)

Performance of NIT GBF

NIT GBF Return Benchmark Return Out/(Under) Performance

FY13 9.93% 8.80% 1.13%

FY14 YTD* (annualized) 6.78% 8.53% (1.75%)

Since Inception (annualized) 11.55% 10.04% 1.51%

* Till Jan 28, 2014

NIT Income Fund

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Objective The objective of NIT Income Fund is to generate competitive stream of return with

moderate level of risk for its unit holders, by investing primarily in fixed income securities/instruments.

Asset Allocation (as of January 28, 2014)

Performance of NIT IF

NIT IF Return Benchmark Return Out/(Under) Performance

FY13 9.56% 9.92% (0.36%)

FY14 YTD* (annualized) 6.86% 9.57% (2.71%)

Since Inception (annualized) 12.28% 11.59% 0.69%

* Till Jan 28, 2014

NIT’s Path To Success Over The 50 Years

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Consistent payment of dividends to the unit holders even during the difficult economic and stock market conditions.

Not a single year of dividend payout has been missed throughout NIT’s entire history.

NIT’s Investment Philosophy:

To have a selection of growth stocks having a regular stream of dividend payout and a long term investment perspective.

To never indulge in speculative trading.

NIT aims to always cater to the needs of the small investors.

A highly competent and committed management team comprising of qualified and experienced professionals who undertake:

Investment management decisions with a professional and ethical approach.

Without any influence from any quarter.

The Capital Market - NIT’s Contribution Providing support to the capital market at the time of crisis.

The GoP and other stakeholders have always entrusted NIT with a role to help support the capital market.

NIT-EMOF was launched in July 2008 to help support the stock market.

NIT-SEF was launched in Jan 2009 at the time of unprecedented market crisis.

Providing liquidity and depth to the capital market.

NIT being the largest player, is actively involved in buying and selling of stocks.

Participation in new IPO’s and Book Building Transactions.

NIT encourages new companies to list by actively investing in IPO’s.

NIT had an initial mandate to take up a percentage of every IPO/OFS to enhance the capital market size.

During last 5 years (2009 to 2013), 18 IPOs/Book Building took place in KSE.

Of these, NIT participated in 10 IPOs/Book Building transactions.

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The Mutual Fund Industry - NIT’s Contribution

Aiming to create a sustainable growth in Pakistan’s mutual fund industry.

Presently, investments in mutual funds are quite low compared to other countries. Expanding the retail base can provide sustainable growth to the industry.

Increasing savings culture and awareness.

Inculcating savings culture amongst the people will increase the retail base. NIT plays an active role to increase awareness about mutual funds.

Enhancing the distribution network. NIT’s countrywide distribution network comprises 23 branches, 1 Investor’s Facilitation

Center and number of authorized bank branches/distributors.

NIT has its role in providing human capital to the mutual fund industry.

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NIT’s CSR Initiatives

NIT has been playing its role and endeavors to take care of needy and less fortunate people by contributing generously.

NIT introduced Hajj Scheme for its employees to perform the spiritual obligation.

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