NICASIA Growth Scheme in the market from Magh 2; providing a better investment vehicle to Nepalese investors
Sun, Jan 14, 2018 11:24 AM on Latest, Mutual Fund, Mutual Fund, Featured, Stock Market,
NICASIA GrowthFund, the mutual fund promoted by NICASIA Capital Limited will be in the market for grab from Magh 2, 2074.
Issuing the press note, the CEO of issuing institution NICASIA Capital Limited, Mr. Jhanak Raj Dhungel informed that NICASIA Capital believes that they would be able to provide average minimum cash dividend of 16% to the upcoming holders of their mutual fund scheme. Moreover, the mutual fund is planning to provide 15.57 % bonus in the first year and 16.13% in the 7th year, reads the press statement.
The mutual fund scheme will be floated in the market from Magh 2 and will close on Magh 8 at the earliest. The maximum closing date for the scheme has been fixed for Magh 21, 2074.
NICASIA Capital is coming out with the mutual fund scheme of Rs. 1 arba out of which 15% i.e. Rs. 15 crore would be allocated for the promoter company (NICASIA Bank) while the remaining Rs. 85 crore worth of mutual fund will be opened for institutions and general public to get hold of.
Interested applicants should apply for minimum 100 units of this mutual fund scheme while the maximum unit one can apply is 20 lakh units.
Interested applicants can apply from all the ASBA approved banks and financial institutions throughout the nation.
Issuing the press note, the CEO of issuing institution NICASIA Capital Limited, Mr. Jhanak Raj Dhungel informed that NICASIA Capital believes that they would be able to provide average minimum cash dividend of 16% to the upcoming holders of their mutual fund scheme. Moreover, the mutual fund is planning to provide 15.57 % bonus in the first year and 16.13% in the 7th year, reads the press statement.
The mutual fund scheme will be floated in the market from Magh 2 and will close on Magh 8 at the earliest. The maximum closing date for the scheme has been fixed for Magh 21, 2074.
NICASIA Capital is coming out with the mutual fund scheme of Rs. 1 arba out of which 15% i.e. Rs. 15 crore would be allocated for the promoter company (NICASIA Bank) while the remaining Rs. 85 crore worth of mutual fund will be opened for institutions and general public to get hold of.
Interested applicants should apply for minimum 100 units of this mutual fund scheme while the maximum unit one can apply is 20 lakh units.
Interested applicants can apply from all the ASBA approved banks and financial institutions throughout the nation.
