Citizen Investment Trust (Nagarik Lagani Kosh), a statutory institute under Citizen Investment Trust Act, 2047, has ownership of Nepal Government as a public financial organization. It was established on 18th March, 1991(4th Chaitra, 2047B.S) as an autonomous body. Formally it has been operating its activities since 15th January, 1992 (1st Magh, 2048. It operates and manages various types of retirement schemes / programs as well as various unit schemes and mutual fund program for both domestic and foreign investors to encourage the people for saving in order to expand fund and increase the investment opportunities along with the dynamic development of the capital market to contribute economic development of the nation.
CIT has successfully completed its two decade challenging years with the simultaneous growth of dynamic capital market in Nepal. At present, it has been launching various types of voluntary retirement schemes (Pension funds, Gratuity funds etc.) and mandatory insurance fund programs on the basis of fully funded and individual account. CIT, at the same time, encouraging the long-term saving mobilizations by operating Employee Savings Growth Retirement Fund (ESGRF), Insurance Funds for Civil Service’s employees, Teachers, Nepal Army’s Employees, Nepal Police’s Employees, Armed Police Force’s Employees and others institute’s employees to help the depositors for saving to expand fund and increase opportunities to investment along with the development of the capital market.
The head office of CIT is at Newbaneshor, Kathmandu and branch offices are at Pokhara and Biratnager.
To increase the fund through savings and mutual fund programs.
- To diversify investment portfolio in secured sectors guaranteeing return on the basis of risk analysis.
- To accelerate the growth and development of capital market.
- To provide effective services to the clients through skilled and motivated human resources.
- To standardize the performance of CIT through the use of innovative and modern information technology.
- To implement Act and rules of CIT effectively.
To attract Nepali citizens residing in the country and abroad towards the programs offered by the Citizens Investment Trust.
- To operate CIT’s programs related to social security.
- To invest in prioritized sectors (hydropower , infrastructure development, productive sector, tourism and export promotion, capital market instrument).
- To play the role of market maker to balance the transaction of securities and to purchase and sell share in bulk.
- To provide simple accessible and quality service to the clients through the use of information technology.
- To devise or to revise and update the Act, Rules, Directives and Procedures of CIT.
CIT in short
- 1991: Citizen Investment Trust established
- 1992: Employee Saving Growth Retirement Fund
- 1996: CIT starts Citizen Unit Scheme
- 1997: Gratuity Fund
- 1998: Investor’s Account Scheme
- 2005: Employee Saving Growth Retirement Fund reaches at NRs 2.50 billion
- 2005: Insurance funds of civil servant
- 2007: Insurance funds of teachers
- 2012: Saving collection reaches to NRs 30.10 billion
- 2013: Nepal Army Insurance Fund
- 2013: Employee Saving Growth Retirement Fund reaches at NRs 40.17 billion
- 2014: Saving mobilization reaches to NRS 54.09 billion
- 2015: Branch offices open in Pokhara and Biratnagar
- 2015: Saving collection reaches to NRS 67.22 billion
- 2015: Nepal Police Insurance Fund and Armed Police Insurance Fund
- 2016: Saving collection reaches to NRs 85.26 billion
- 2016: Participant reaches to 5 lakh 72 thousands