NIC ASIA 5th Scheme: NIC ASIA Flexi CAP Fund Issuing 10 crore units Closed- End Mutual Fund Scheme to General Public from Jestha 19

NIC Asia Capital Limited has published an offer letter to issue the "NIC ASIA Flexi CAP Fund." The issue will open on 19th Jestha and close on 24th Jestha, 2079. If not subscribed fully by the early closing date, the issue can be extended till Ashadh 02.

10 crore units will be issued at a par value of Rs. 10 per unit. 15% of the total units i.e. 1.50 crore units worth Rs. 15 crores have been allocated to the fund promoter NIC Asia Bank Limited and the remaining 8.50 crores units will be allocated to the general public.

"NIC ASIA Flexi CAP Fund" is a closed-end fund, meaning it can be traded in NEPSE. The fund has a maturity period of 10 years. Applicants can apply for a minimum of 100 units to a maximum of 1 crore units.

As of now, NIC Asia Capital manages three close-ended mutual funds i.e : the NIC Asia Growth Fund (NICGF), NIC ASIA Balanced Fund (NICBF) and NIC Asia Select-30 (NICSF) and one open-ended fund : the NIC Asia Dynamic Debt Fund (NADDF).