NIC Asia Dynamic Debt Fund Reports Net Asset Value of Rs. 10.77
August 29, 2024 | Investopaper
NIC Asia Dynamic Debt Fund, a mutual fund scheme operated by NIC Asia Capital Limited, has reported a Net Asset Value (NAV) of Rs 10.77 until the end of Shrawan, 2081 BS. As per the monthly report, the scheme has disclosed a fall in NAV as compared to the end of the previous month. As of Ashad’s end 2081 BS, the NAV stood at Rs 10.77.
Note: The dividend from fiscal year 2080/81 has been adjusted in NAV.
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NIC Asia Dynamic Debt Fund has a total investment value of Rs 30.19 crores in stocks of listed companies. Such investment stood at Rs 20.04 crores in the previous month. Likewise, the scheme has invested Rs 31.63 crores in debentures/bonds and Rs. 8.7 crores in the fixed deposits. As of the end of Shrawan, the scheme has a bank balance of Rs 20.63 crores.
In the first month of the current fiscal year 2080/81, the scheme has posted a gross profit of Rs 5.53 crores. From the fiscal year 2080/81, the scheme had distributed a 10 percent cash dividend to its unit-holders.
About NIC Asia Dynamic Debt Fund
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.
As of Ashad’s end 2081 BS, NIC Asia Dynamic Debt Fund has a fund size of Rs. 77.67 crores.
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.
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