NIC Asia Growth Fund:Top 3 stocks purchases until Magh

February 25, 2020 | Investopaper

NIC Asia Bank Mutual Fund has published the monthly report (of Magh month) of its scheme-NIC Asia Growth Fund (NICGF). Till the end of Magh, the Net Asset Value (NAV) per unit of NICGF is Rs. 11.33. The NAV stood at Rs. 10.72 in the previous month. Likewise, the total value of the investment in equity securities by NICGF remains at Rs. 57.79 crores.

Until the Magh end, the fund has invested Rs.3.73 crores in the debenture, Rs. 4.17 crores in securities yet to be listed. Likewise, NICGF has allocated Rs. 8.35 crores in fixed deposits. The cash balance at the end of the month stood at Rs. 19.58 crores.

Nepal Life Insurance occupies the top spot of NICGF in terms of investment in stocks. The top 3 stocks bought by NICGF until the end of Magh, 2076 are:

NIC Asia Growth Fund: Top 3 Stocks

S.N. Securities Sector Units Amount(‘Rs. crores’) Percent of Total investment in securities
1 Nepal Life Insurance Insurance 37,823 4.25 7.35
2 NMB Bank Bank 65,816 2.53 4.38
3 Nepal Telecom Others 39,352 2.44 4.22
Total Value of Investment in securities(‘Rs. crores’) 57.79
NAV Magh, 2076 11.33


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