NIC Asia Growth Fund (NICGF) Reports Plunge in NAV and Net Profit in Bhadra

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. 15.84 for the month of Bhadra 2078. The NAV stood at Rs. 20.22 in the previous month.

The scheme which began with a fund size of Rs.83.52 crores has invested Rs. 1.03 Arba in the shares of listed companies and Rs. 45.57 lakhs on non-listed companies. It has invested Rs. 10.35 crores in fixed deposit schemes. This scheme has Rs. 10.64 crores as bank balance and Rs 6.37 crores in debentures.

It has reported a net profit of Rs. 45.83 crores till the month of Bhadra which previously was at a profit of Rs. 57.42 crores in the month before that.

NAV Report