NIC ASIA Balanced Fund heads to the market from Shrawan 8; good opportunity for low risk takers and beginner investors with 10.62 crore units mutual fund under sale

Tue, Jul 23, 2019 11:54 PM on IPO/FPO News, Latest,

NIC ASIA Capital, as a fund manager, has started receiving applications from the interested investors for its NIC ASIA Balanced Fund from Shrawan 8, 2076. The merchant bank is issuing 10.62 crore unit of mutual funds out of the total 12.50 crore units after allocating 15% for NIC ASIA Bank and NIC ASIA Capital as promoting institutions.

The issue will remain open till Shrawan 12, 2076 and will be extended till Bhadra 5, 2076 in case of low subscription.

Interested investors can apply for the required quantity of mutual funds via BFIs with C-ASBA service as well as via Meroshare online application portal. The investment vehicle will provide low risk investment opportunity to both beginner and long-term investors, as per the statement.