November 29, 2023 | Investopaper
NIC Asia Growth Fund (NICGF) has reported a Net Asset Value (NAV) of Rs 10.39 until the end of Karthik, 2080 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 Ashwin’s end 2080 BS, the NAV stood at Rs 11.50.
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NICGF has a total investment of Rs 55.57 crores in the stocks of listed companies. Such investment stood at Rs 55.54 crores in the previous month. Likewise, the scheme has invested Rs 8.37 crores in debenture/bonds and Rs 5 crores in fixed deposits. As of the end of Karthik, NICGF has a bank balance of Rs 17.27 crores.
In the first four months of the fiscal year 2080/81, NICGF has posted a gross profit of Rs 2.76 crores. From the fiscal year 2079/80, the scheme has distributed a 10.5 percent cash dividend to its unit-holders.
NIC Asia Growth Fund (NICGF) 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 83.52 crores. It has a maturity period of 7 years. The fund will retire on Falgun 27, 2081 BS.
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