NIC Asia Growth Fund's NAV rises slightly to Rs 10.49; Highest Investment made in promoter shares of Nabil Bank

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 10.49 Net Assets Value (NAV) for the month of Poush 2075. The NAV stood at Rs 10.10 in the previous month.

The scheme, which began with a fund size of Rs 83.52 crore, has invested Rs 50.71 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.

It has reported net profit of Rs 2.63 crore till the month of Poush which was net loss of Rs 62.08 lakh in end of Mangsir month.

Out of its total investment in listed shares, NICGF has highest investment of Rs 3.15 crore in 43,868 unit promoter shares of Nabil Bank Limited. It has set aside Rs 22.25 crore as bank balance.

Also See: Mutual Fund Schemes & their latest NAV