October 16, 2022 | Investopaper
NIC Asia Dynamic Debt Fund has proposed the dividend to its unit-holders. The dividend announcement is from the fiscal year 2078/79.
The scheme has announced a 6 percent cash dividend. The board meeting of NIC Asia Capital held on Ashwin 28, 2079 BS made the announcement about the dividend.
From the previous fiscal year 2077/78, the scheme had provided a 10 percent cash dividend to its unitholders.
NIC Asia Dynamic Debt Fund is an open ended-mutual fund scheme operated by the fund manager NIC Asia Capital Limited under NIC Asia Bank Mutual Fund. The fund received approval for operation from Securities Board Of Nepal (SEBON) on Karthik 21, 2077 BS.
In an open-ended mutual fund, interested investors can purchase or sell the units of the fund directly from the fund. There is no need to purchase from existing unitholders.
NIC Asia Capital Limited is the fund manager of the scheme.