NIC Asia Growth Fund publishes its first NAV report; NAV stands at Rs 9.99 for the month of Chaitra
Thu, Apr 26, 2018 4:48 AM on Financial Analysis, Latest, Stock Market, Mutual Fund,
NIC Asia Growth Fund, a closed-end 7 years mutual fund scheme managed by NIC Asia Capital Limited with NIC Asia Bank Limited as the fund sponsor, has issued its first NAV report with Rs 9.99 NAV for the month of Chaitra.
The scheme, which began with a fund size of Rs 83.52 arba, has invested Rs 16.19 crore in the shares of 10 listed companies and Rs 2.52 lakh on non-listed companies.
Out of its total investment in listed shares, NICGF has bought 8,070 units of shares of Prime Commercial Bank (PCBL), however the highest amount invested is Rs 28.75 Lakh in 6,305 shares of Butwal Power Company Limited (BPCL). It has set aside Rs 12 crore as fixed deposit and Rs 70.36 crore as bank balance.
It has reported net loss of Rs 10.56 lakh.
The mutual fund was opened with a total size of Rs 1 arba but the fund size was decreased to Rs 83.52 arba after undersubscription.
