NIC Asia Balance Fund to issue Rs. 125 crores worth of scheme from today

July 24, 2019 | Investopaper

NIC Asia Mutual Fund will issue 12.50 units of the scheme under NIC Asia Balance fund from Shrawan 8, 2076. The issue will remain open until Shrawan 12, 2076. However, if it remains under-subscribed, the issue will extend to Bhadra 5, 2076.

NIC Asia Balance Fund will sell Rs. 125 worth of the scheme. Out of the total, NIC Asia Bank will purchase 1,87,50,000 units. Likewise, NIC Asia Capital Limited will purchase 1 percent or 12,50,000 units. Similarly, the general public will apply for the remaining 10,62,50,0000 units of the scheme.

Investors can apply for a minimum of 100 units at a par value of Rs. 10. The maximum units that can be applied are 1,75,00,000.

NIC Asia Capital Limited is the issue manager.

The balance fund received approval from Sebon on Ashad 25, 2076.



Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published.

error: Content is protected !!