NIC Asia Growth Fund’s investment reaches Rs 35.47 crore in listed shares; NAV slightly decreases to Rs 10.31

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 10.31 Net Assets Value (NAV) for the month of Ashoj 2075. The NAV stood at Rs 10.35 in the previous month.

The scheme, which began with a fund size of Rs 83.52 arba, has invested Rs 35.47 crore in the shares of listed companies and Rs 3.79 crore on non-listed companies. It has invested Rs 8.35 crore in fixed deposit schemes.

It has reported net profit of Rs 1.14 crore for the month of Bhadra which was Rs 1.50 crore in the last month.

Out of its total investment in listed shares, NICGF has highest investment of Rs 2.60 crore in 33,352 shares of Nepal Telecom.

Also See: Mutual Fund Schemes & their latest NAV