Application deadline for NIC Asia Balanced Fund extended to Bhadra 5, 2076; Fund worth Rs 1.25 arba floated
Mon, Jul 29, 2019 1:26 PM on Latest, Mutual Fund, Stock Market,
NIC ASIA Capital Limited's new mutual fund scheme “NIC Asia Balance fund” worth Rs 1.25 arba with the maturity of 10 years is open for application.
The issue had opened since Shrawan 4, 2076 and the closing date was on Shrawan 12, 2076 at the earliest. However, since the issue manager didn't receive enough application, the issue has been extended till Bhadra 5, 2076.
This fund is managed by NIC Asia Capital limited and sponsored by NIC Asia Bank limited and runs under NIC Asia mutual fund.
The issue will be of 12,50,00,000 worth Rs 10 per unit. An investor can apply for minimum of 100 units and maximum of 1.75 crore units.
85% of the total issue i.e. 10.625 crore units will be open for general public and remaining 15% will be kept as seed capital for sponsor NIC Asia Bank Limited and NIC Asia Capital Limited.
Currently, NIC Asia Growth Fund (NICGF), managed by NIC Asia Capital is also in the market. The Net Assets Value (NAV) of NICGF stood at Rs 11.15 as of Jestha 2076.
