Citizen Investment Trust and Functions of Citizen Investment Trust

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What is Citizen Investment Trust?

Citizen Investment Trust (CIT) is established to encourage ordinary peoples to investment. 

It collects saving from ordinary peoples.

After collecting amount, CIT invests these amounts in shares, debentures and government bonds.

It also works as underwriter to issue of shares and debentures.

It helps for the development of capital market.

CIT operates various types of retirement scheme like gratuity and pension fund.

Keep in Mind

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Functions of Citizen Investment Trust

There are various types of function of CIT; out of them, some important functions are:

(a) To operate various citizen unit scheme and mutual fund scheme.

(b) To operate on various types of retirement scheme like gratuity and pension fund.

(c) To operate different account system for investors.

(d) To works as underwriter to issue of shares and debentures of companies.

(e) To works as underwriter to issue bonds of government.

(f) To provide loan to organization.

(g) To provide loan for shares and debentures purchase.

(h) To provide security for issuing of shares.

(i) Works as broker in stock market etc.

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