NIC ASIA Growth Fund’s units Listed in NEPSE

Units of NIC ASIA Capital’s Mutual Fund, “NIC ASIA Growth Fund” have been listed in Nepal Stock Exchange Limited on Baisakh 3, 2075. The 7 year close-fund scheme was issued for public upon receiving the approval from Securities Board of Nepal (SEBON) from 16^th January 2018.

Units of the Growth Fund can now be traded in secondary market after being listed today in the stock exchange. Investors will be able to receive both dividend and capital gain from the mutual fund. Apart from this, at the time of maturity, investors will be refunded based on the final Net Asset Value (NAV) of the scheme. The units will be traded in the registered name “NICGF”.

Along with managing mutual fund NIC ASIA Capital has been providing Depository Participants (DP) having over one lakh fifteen thousand Demat customers, Portfolio Management Services (PMS), Registrar to Shares (RTS) to four companies. NIC ASIA Capital has also introduced Free of Cost Demat account with service fee waived for the first year.