NIC Asia Growth Fund (NICGF) Reports NAV of Rs. 13.69
August 29, 2024 | Investopaper
NIC Asia Growth Fund (NICGF) has reported a Net Asset Value (NAV) of Rs 13.69 until the end of Shrawan, 2081 BS. As per the monthly report, the scheme has disclosed a rise in NAV as compared to the end of the previous month. As of Ashad’s end 2081 BS, the NAV stood at Rs 11.47.
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NICGF has a total investment value of Rs 81.80 crores in the stocks of listed companies. Such investment stood at Rs 58.01 crores in the previous month. Likewise, the scheme has invested Rs 1.25 crores in debenture/bonds and Rs 12.50 crores in fixed deposits. As of the end of Shrawan, NICGF has a bank balance of Rs 18.84 crores.
In the first month of the fiscal year 2081/82, NICGF has posted a gross profit of Rs 22.76 crores. From the fiscal year 2080/81, the scheme has proposed a 9.5 percent cash dividend to its unit-holders.
About NICGF
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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