NIC Asia Balanced Fund Proposes 9.25 Percent Dividend from FY 2080/81
August 1, 2024 | Investopaper
NIC Asia Balanced Fund (NICBF) has proposed the dividend to its unit-holders. The dividend announcement is from the fiscal year 2080/81.
NICBF has announced a 9.25 percent cash dividend worth Rs 6.98 crores. The board meeting of NIC Asia Capital held on Shrawan 16, 2081 BS made the announcement about the dividend.
Related: NIC Asia Growth Fund (NICGF) Dividend
From the previous fiscal year the mutual fund scheme had provided a 10 percent cash dividend to its unitholders. Likewise, from 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.
Suggested Readings:
