NIC Asia Balanced Fund reports net profit of Rs 43.79 lakh and NAV of Rs 10.06; NIC Asia Growth Fund report NAV of Rs 9.64

NIC Asia Growth Fund (NICGF), a closed-end 7 years mutual fund scheme managed by NIC Asia Capital Limited with NIC Asia Bank Limited as the fund sponsor, has published its monthly NAV report with its NAV declining to Rs.9.64 for the month of Kartik 2076. The NAV stood at Rs.9.65 in the previous month.

The scheme, which began with a fund size of Rs.83.52 Crore, has invested Rs.50.42 Crore in the shares of listed companies and Rs.91.97 lakh on non-listed companies. It has invested Rs.8.35 Crore in fixed deposit schemes. This scheme has the investment of Rs.3.73 Crore in debenture and has Rs.17.45 Crore as bank balance.

It has reported a net loss of Rs.3.11 Crore till the month of Kartik which previously was at loss of Rs.3.09 Crore at the end of Ashwin 2076.

Announcement

Similarly, NIC Asia Balance Fund (NICBAL), another 10 year mutual fund scheme managed by NIC Asia Capital has published financial highlights for the month of Kartik. The NAV for the period was reported at Rs.10.06 up from previous months’ NAV of Rs.10.04.

The scheme began with fund size of Rs.75.50 Crore including seed capital from fund sponsor. The scheme has invested Rs.9.32 Crore in shares of listed companies and Rs.6.28 Crore in debentures. Amount invested in fixed deposit stands at Rs.4.80 Crore while the bank balance stands at Rs.55.29 Crore.

By the end of Kartik, the scheme has reported a net profit of Rs.43.79 Lakhs compared to previous months’ net profit of Rs.28.61 Lakhs.

Announcement