NEPSE lists 7.55 crore units of NIC Asia Balance Fund; Scheme reported NAV at Rs 9.99 for Bhadra

Nepal Stock Exchange (NEPSE) has listed 7,55,00,000 units of NIC ASIA Balance Fund (NICBAL).

NICBAL is a 10 year mutual fund scheme managed by NIC Asia Capital. The scheme began with fund size of Rs.75.50 crore including seed capital from fund sponsor.

As of Bhadra, 2076 the scheme had invested Rs.4.26 crore in shares of listed companies and Rs.6.28 crore in debentures. Amount invested in fixed deposit stood at Rs.3.50 crore while the bank balance stood at Rs.62.19 crore.

By the end of Bhadra, the scheme has reported a net loss of Rs.5.52 lakhs with NAV at Rs.9.99