NIC Asia Growth Fund reports meager rise in NAV to Rs 10.08; Net profit increases to Rs 64.85 lakh as on Ashadh 2075

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 Rs 10.08 Net Assets Value(NAV) for the month of Ashadh 2075. The NAV stood at Rs 10.05 in the previous month.

The scheme, which began with a fund size of Rs 83.52 arba, has invested Rs 15.67 crore in the shares of listed companies and Rs 1.70 crore on non-listed companies. It has invested Rs 11.77 crore in fixed deposit schemes.

It has reported net profit of Rs 64.85 lakh for the month of Ashadh which was Rs 39.98 lakh in the last month.

Out of its total investment in listed shares, NICGF has highest investment of Rs 1.55 crore in 14,847 shares of Nepal Life Insurance Company. It has set aside Rs 52.35 crore as bank balance.

Also See: Mutual Fund Schemes & their latest NAV