Wed, Nov 20, 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.
Government owned Rastriya Beema Sansthan has maintained life insurance fund of Rs 24.39 billion in the first quarter of the current FY. The fund increased by Rs 8.17 billion compared to Rs 16.21 billion of the corresponding period of the last FY.