NIC Asia Balanced Fund (NICBF) Reports Decline In NAV

November 29, 2023 | Investopaper

NIC Asia Balanced Fund (NICBF) has reported a Net Asset Value (NAV) of Rs 9.95 until the end of Karthik, 2080 BS. As per the monthly report, the scheme has witnessed a fall in NAV as compared to the end of the previous month. As of Ashwin’s end 2079 BS, the NAV stood at Rs 10.57.

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NICBF has a total investment of Rs 37.87 crores in the stocks of listed companies. Such investment stood at Rs 38.19 crores in the previous month. Likewise, the scheme has invested Rs 21.77 crores in debenture/bonds and Rs 3 crores in fixed deposits. As of the end of Karthik, NICBF has a bank balance of Rs 11.74 crores.

In the first four months of the fiscal year 2080/81, NICBF has posted a gross loss of Rs 87.41 lakhs. From the fiscal year 2079/80, the scheme has distributed a 10 percent cash dividend to its unit-holders.


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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