Deadline To Apply For NIC Asia Capital's Mutual Fund Scheme "NIC ASIA Equity Linked Investment Scheme" Extended Till Bhadra 12
Mon, Aug 18, 2025 7:45 AM on Latest, Mutual Fund,
NIC Asia Capital Limited has extended the mutual fund scheme "NIC ASIA Equity Linked Investment Scheme" deadline to the general public and institutions until the 12th Bhadra, 2082. The issue opened on the 29th Shrawan, 2082, and was supposed to close today, the 2nd of Bhadra, 2082. However, since the scheme didn't receive enough applications, the deadline has been extended until 12th Bhadra, 2082.
Out of 10 crore unit shares, 15%, i.e., 1.50 crore units worth Rs. 15 crore, have been allocated to the scheme manager, NIC Asia Bank Limited. Out of 8,50,00,000 units, the remaining 5,00,00,000 units worth Rs 50 Crore will be issued to the general public and institutions.
According to CDSC, 58,107 applicants have applied for 2,52,25,400 units worth Rs. 25.22 Crores so far. This data is as of 5 p.m. yesterday.
"NIC ASIA Equity Linked Investment Scheme" is an open-ended fund. Applicants can apply for a minimum of 100 units to a maximum of 1,00,00,000 units.
