NIC Asia Growth Fund reports NAV of Rs 11.35 with 5.97% growth for the month of Baisakh; has Rs 26 crore in bank balance

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 5.97% growth to Rs 11.35 for the month of Baisakh 2076. The NAV stood at Rs 10.71 in the previous month.

The scheme, which began with a fund size of Rs 83.52 crore, has invested Rs 55.39 crore in the shares of listed companies and Rs 2.94 crore on non-listed companies. It has invested Rs 8.35 crore in fixed deposit schemes. This scheme has no investment in debenture and has Rs 26.03 crore as cash balance.

It has reported a net profit of Rs 9.84 crore till the month of Baisakh which previously was Rs 4.50 crore net profit at the end of Chaitra.

Out of its total investment in listed shares, NICGF has the highest investment of Rs 2.80 crore in 34,132 unit promoter shares of Nabil Bank Limited.