NIC Asia Balanced Fund (NICBF) Reports Incline in NAV
August 29, 2024 | Investopaper
NIC Asia Balanced Fund (NICBF) has reported a Net Asset Value (NAV) of Rs 12.78 until the end of Shrawan, 2081 BS. As per the monthly report, the scheme has witnessed a rise in NAV as compared to the end of the previous month. As of Ashad’s end 2081 BS, the NAV stood at Rs 12.78.
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NICBF has a total investment of Rs 59.51 crores in the stocks of listed companies. Such investment stood at Rs 42.96 crores in the previous month. Likewise, the scheme has invested Rs 21.77 crores in debenture/bonds and Rs 6 crores in fixed deposits. As of the end of Shrawan, NICBF has a bank balance of Rs 9.04 crores.
In the first month of the fiscal year 2081/82, NICBF has posted a gross profit of Rs 13.83 crores. From the fiscal year 20780/81, the scheme has proposed a 9.25 percent cash dividend to its unit-holders.
About NICBF
NIC Asia Balanced Fund (NICBF) is a close ended-mutual fund scheme operated by the fund manager NIC Asia Capital Limited under NIC Asia Bank Mutual Fund. The fund has a size of Rs 75.50 crores. It has a maturity period of 10 years. The fund will retire on Bhadra 11, 2086 BS.
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