ICRA Nepal Reaffirms NIMB Ace Capital’s AMC Quality Rating

ICRA Nepal Limited has reaffirmed the fund management quality rating of NIMB Ace Capital Limited at [ICRANP] AMC Quality 3+. The rating indicates that the company provides an adequate level of assurance regarding its asset management quality.

ICRA Nepal rates asset management companies on a scale from AMC1 to AMC5, with AMC1 representing the highest assurance of management quality and AMC5 indicating poor management quality. A ‘+’ sign indicates a relatively stronger position within a rating category.

The rating does not comment on the company’s statutory compliance, financial performance or the future performance of the schemes it manages.