NIC Asia Growth Fund Announces 10.5 Percent Dividend

October 16, 2023 | Investopaper

NIC Asia Growth Fund (NICGF) has declared the dividend to its unit-holders. The dividend announcement is from the fiscal year 2079/80.

NICGF has announced a 10.50 percent cash dividend worth Rs 8.76 crores. The board meeting of NIC Asia Capital held on Ashwin 27, 2080 BS made the announcement about the dividend.

Related: NIC Asia Balanced Fund (NICBF) Dividend

From the previous fiscal year 2078/79, NIC Asia Growth Fund had distributed a 13 percent cash dividend worth Rs. 10.58 crores. Similarly, in the fiscal year 2077/78, the scheme had provided a 30 percent cash dividend worth Rs 25.05 crores. Likewise, in the fiscal year 2076/77, NICGF had distributed a 12 percent cash dividend to its unitholders.

NIC Asia Growth Fund is a close-ended mutual fund scheme with a maturity period of 7 years. It has 83,520,000 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 NICGF scheme.

Suggested Readings:

Dividend Announcement By Mutual Funds In Nepal

How To Buy Mutual Fund Schemes In Nepal?


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