Last day to apply for NIC Asia Balance Fund scheme worth Rs.1.25 Arba; investors can apply till banking hours today

NIC Asia Capital Limited is closing the issue for ‘NIC Asia Balance Fund’ worth Rs.1.25 Arba from today. Investors can apply for the issue till banking hours.

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 8, 2076 i.e. today.

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 125,000,000 units 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% (1.875 Crore units) will be kept as seed capital for sponsor NIC Asia Bank Limited and NIC Asia Capital Limited.