NIC Asia Growth Fund and Balanced Fund reports NAV of Rs 9.95 and Rs 10.16 respectively for month of Mangsir

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 to Rs.9.95 for the month of Mangsir 2076. The NAV stood at Rs.9.64 in the previous month.

The scheme, which began with a fund size of Rs.83.52 Crore, has invested Rs.52.21 Crore in the shares of listed companies and Rs.2.02 crore on non-listed companies. It has invested Rs.8.35 Crore in fixed deposit schemes. This scheme has Rs.17.32 Crore as bank balance and Rs 3.73 crore in debentures.

It has reported a net loss of Rs.57.28 lakh till the month of Mangsir which previously was at loss of Rs.3.11 Crore at the end of Kartik 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 Mangsir. The NAV for the period was reported at Rs.10.16 up from previous months’ NAV of Rs.10.06.

The scheme began with fund size of Rs.75.50 Crore including seed capital from fund sponsor. The scheme has invested Rs.15.09 Crore in shares of listed companies and Rs.6.28 Crore in debentures. Amount invested in fixed deposit stands at Rs.5.80 Crore while the bank balance stands at Rs.49.55 Crore.

By the end of Mangsir, the scheme has reported a net profit of Rs.1.19 crore compared to previous months’ net profit of Rs.43.79 Lakhs.

Announcement