NIC Asia Capital Unveils NAV Report of 4 of its Mutual Funds for Ashwin
Sun, Oct 31, 2021 11:44 AM on Latest, Mutual Fund,
NIC Asia Balanced Fund (NICBF), a 10-year mutual fund scheme managed by NIC Asia Capital has published financial highlights for the month of Ashoj. The NAV for the period was reported at Rs. 14.32 from previous months’ NAV of Rs. 14.57.
The scheme began with a fund size of Rs.75.50 crores including seed capital from the fund sponsor. The scheme has invested Rs. 77.51 crores in shares of listed companies and Rs. 15.42 crores in debentures. Rs. 64.56 lakhs is invested in non-listed shares. Amount invested in fixed deposits stands at Rs. 10.3 crores while the bank balance stands at Rs. 2.53 crores.
Similarly, the NAV report of "NIC Asia Dynamic Debt Mutual Fund" has also been unveiled.
With this open-ended mutual fund scheme, the merchant bank aims to promote the ongoing efforts of different BFIs that have been issuing a number of debenture programs into the market. It also aims to minimize the risks since investments in debentures are considered more immune to drastic downfalls like in the equity market.
The fund has invested a little over Rs. 8.71 crores in listed shares and a little over Rs. 26.9 lakhs in non-listed shares. While it has invested about 13.16 crores in listed debentures and 6.53 crores in non-listed debentures, Rs. 6 crores of the fund is kept as fixed deposits. The fund has over Rs. 18.06 crores in bank deposits.
The NAV of the fund in Ashoj stands at Rs. 10.66. In the earlier month too, it was Rs. 10.66. "NIC Asia Dynamic Debt Mutual Fund" is at a profit of over Rs. 2.99 crores. In the month before that, the profit was Rs. 2.96 crores.
NIC Asia Select-30 (Index Fund) has also unveiled its NAV report. The "NIC Asia Select-30 (Index Fund)" is a closed-end mutual fund with a maturity period of 7 years. The fund initially had a size of 10 crores units, each unit having a par value of Rs. 10. Since the public issue was oversubscribed, the fund was resized to 125% of its initial size, i.e. 25% more units have been added.
The NAV of the fund stands at Rs. 9.93 in Ashoj. In the earlier month, the NAV was Rs. 9.94. The fund has invested Rs. 12.4 crores in listed shares Rs. 24.07 lakhs in non-listed shares. The fund has Rs. 11 crores as fixed deposits and Rs. 99.16 crores in the bank. Meanwhile, it has other assets worth Rs. 1.96 crores.
The fund is at a loss of Rs. 11.29 lakhs in Ashwin. In the month before that, it was at a loss of Rs. 7.93 lakhs.
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 reported at Rs. 15.49 for the month of Ashoj 2078. The NAV stood at Rs. 15.84 in the previous month.
The scheme which began with a fund size of Rs.83.52 crores has invested Rs. 1 Arba in the shares of listed companies and Rs. 77.62 lakhs on non-listed companies. It has invested Rs. 5.35 crores in fixed deposit schemes. This scheme has Rs. 14.84 crores as bank balance and Rs 6.37 crores in debentures.
It has reported a net profit of Rs. 42.98 crores till the month of Ashoj which previously was at a profit of Rs. 45.83 crores in the month before that.
