Citizen Investment Trust
Citizen Investment Trust (CIT) / Nagarik Lagani Kosh is the mutual fund that issues citizen unit fund scheme and other form of offers to the investors. It is a trust company registered under Citizen Investment Trust Act 2047 who manages the unit scheme.
CIT started managing unit scheme by floating Citizen Unit 52 in the year 2052. CIT put Rs. 5 million as seed capital in the beginning. The total investment was only Rs. 65 million at the end of 2052/53 which has increased to Rs. 4,027 million by the end of 2059/60.
Total financial asset of CIT has continued to increase in last several years due to considerable success of unit schemes and investment.
Total assets/liabilities increased by 24.3 percent recording investments of Rs. 8.42 billion and deposit of Rs. 7.71 billion. Liquid assets increased by 24.9 percent reaching Rs. 133 billion. During the same period, loans and credit increased by 34.9% showing Rs. 990 million.