NIC Asia Capital to issue 'NIC Asia Balance Fund' from July 24

Jul 16, 2019 03:31 PM Merolagani

 NIC Asia Capital, a subsidiary company of NIC Asia Bank is issuing 'NICA Asia Balance Fund' from July 24. The company is issuing 125 million mutual fund units worth Rs 1.25 billion at a face value of Rs 10 per unit.

Out of the total offered units, the company has allotted 14 percent i.e. 17.5 million units to NIC Asia Bank, 1 percent i.e. 1.2 million units to NIC Asia Capital. The general public can apply for the remaining 106.2 million mutual fund units.

The interested investors can apply for a minimum of 100 to maximum of 17.5 million units of mutual fund through C-ASBA approved BFIs and meroshare software. The issue will close early on July 28 and lately on August 22.

The mutual fund will mature in 10 years period.  Securities Board of Nepal (SEBON) has approved the mutual fund scheme on July 10.


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