SEBON Approves NIC Asia Balance Fund

Jul 11, 2019 03:53 PM Merolagani

Securities Board of Nepal (SEBON) has approved mutual fund scheme 'NIC Asia Balance Fund' managed by NIC Asia Capital, a subsidiary company of NIC Asia Bank on July 10.

The regulatory body approved NIC Asia Capital to issue 125 million mutual fund units worth Rs 1.25 billion.

With the approval, NIC Asia will issue 125 million mutual fund units in the near future.


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