Wed, Jul 17, 2019
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.
The government has failed to collect targeted revenue in the current FY. As per the Office of Auditor General (OAG), the government collected 83.66 percent revenue till July 15, a day before the closing of the current FY.