NIC Asia Capital to issue  ‘NIC Asia Flexi Cap Fund’ from June 2

May 24, 2022 07:38 AM Merolagani

NIC Asia Capital, a subsidiary company of NIC Asia Bank is set to issue a seven yearly closed-end scheme ‘NIC Asia Flexi Cap Fund’ from June 2.

The company is issuing 100 million units of a mutual fund having a face value of Rs 10 worth Rs 1 billion.

Out of total offered units, the company has secured 15 percent i.e. 15 million units to scheme promoter NIC Asia Bank. The general investors can apply for 85 million units of mutual fund units. The interested investors can apply for a minimum of 100 and maximum of 12 million units of mutual funds.  

They can apply from all ASBA approved BFIs and meroshare.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM

Chirkhwa Hydropower Incurs Loss

Apr 25, 2024 09:26 AM