NIC Asia Growth Fund reports rise in NAV at Rs 10.07; Net profit stands at Rs 59.10 lakh for the month of Baisakh
Mon, May 28, 2018 2:02 AM on Financial Analysis, Latest, Mutual Fund, Stock Market,
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 NAV report with Rs 10.07 NAV for the month of Baisakh. It stood at Rs 9.99 in the previous month.
The scheme, which began with a fund size of Rs 83.52 arba, has invested Rs 8.93 crore in the shares of 20 listed companies and Rs 10.32 lakh on non-listed companies.
It has reported net profit of Rs 59.10 lakh for the month of Baisakh which was a loss of Rs 10.56 lakh in the last month.
Out of its total investment in listed shares, NICGF has bought 29,910 units of shares of NMB Bank Limited with the largest investment of Rs 1.37 crore. It has set aside Rs 12 crore as fixed deposit and Rs 66.57 crore as bank balance.
