October 16, 2023 | Investopaper
NIC Asia Balanced Fund (NICBF) has proposed the dividend to its unit-holders. The dividend announcement is from the fiscal year 2079/80.
NICBF has announced a 10 percent cash dividend worth Rs 7.55 crores. The board meeting of NIC Asia Capital held on Ashwin 27, 2080 BS made the announcement about the dividend.
From the previous fiscal year 2078/79, NIC Asia Balanced Fund had distributed a 13 percent cash dividend worth Rs. 9.81 crores. Similarly, in the fiscal year 2077/78, the scheme had provided a 30 percent cash dividend worth Rs 22.65 crores. Likewise, in the fiscal year 2076/77, NICBF had distributed an 8 percent cash dividend to its unitholders.
NIC Asia Balanced Fund is a close-ended mutual fund scheme with a maturity period of 10 years. It has 75,500,000 units listed on the Nepal Stock Exchange (NEPSE) at a par value of Rs 10.
NIC Asia Capital Limited is the fund manager of the NICBF scheme.