The capital, a subsidiary company of NIC Asia Bank started issuing the mutual fund from July 24. The company is issuing 125 million mutual fund units at a face value of Rs 10 per unit.
Out of the total offered mutual fund units, the company has allocated 14 percent i.e. 17.5 million units to NIC Asia Bank and 1 percent i.e. 1,250,000 units to NIC Asia Capital. The general public can apply for the remaining 106,250,000 units.
The interested investors can apply for a minimum of 100 and a maximum of 17.5 million through ASBA approved BFIs and meroshare software.
NIC Asia Balance Fund will mature in 10 years. Securities Board of Nepal (SEBON) approved the mutual fund scheme on July 10.
