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.
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.