NIC Asia Growth Fund reports slight fall in NAV to Rs 10.05; Net profit stands at Rs 39.98 lakh for the month of Jestha 2075
Mon, Jun 25, 2018 2:29 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 published its monthly NAV report with Rs 10.05 Net Assets Value for the month of Jestha 2075. The NAV stood at Rs 10.07 in the previous month.
The scheme, which began with a fund size of Rs 83.52 arba, has invested Rs 13.13 crore in the shares of 26 listed companies and Rs 55.81 lakh on non-listed companies. It has invested Rs 12 crore in fixed deposit schemes.
It has reported net profit of Rs 39.98 lakh for the month of Jestha which was Rs 59.10 lakh in the last month.
Out of its total investment in listed shares, NICGF has highest investment of Rs 1.33 crore in 13,012 shares of Nepal Life Insurance Company. It has set aside Rs 55.72 crore as bank balance.
Also See: Mutual Fund Schemes & their latest NAVs
