NIC Asia Balanced Fund Proposes 10 Percent Dividend from FY 2079/80
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.
Related: NIC Asia Growth Fund (NICGF) 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.
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