NIC Asia Capital limited mutual fund scheme, NIC Asia Growth fund & CBIL Capital Limited scheme, citizens Mutual Fund-1 to float from Magh 2, 2074, Worth Rs 1 arba each.
Which one to choose? Which one is better? Or both of them are poor.
Before applying on it look at the other mutual fund’s performance.
Some mutual funds are trading at face value & some even below face value. You can buy number of units at any time from secondary market. If needed, you can sell within the week at prevailing price. Some are performing better & providing good return. If you get mutual fund’s unit at IPO rate from the secondary market than why to apply for IPO of NIC Asia growth fund & Citizens Mutual fund-1.
If you hold the fund till its maturity than apply on both IPO may be better decisions. If you apply on IPO you shouldn’t pay broker fees & commission.
NIC Asia Capital limited is planning to provide 15.57 % in first year & 16.13% in 7th year. Can you believe ? Let see on following table how much other mutual fund.
Siddhartha Growth schemes-1, first mutual fund is matured this year. It has provided, 4.5, 15, 15, 30, 60 resp. year. Nabil Balance fund provided 14% in the first year. Likewise, Siddhartha equity provided 16%, NMB Sulav investment provided 20%, NIBL Samriddhi fund 15%, Laxmi fund provided 25%. Other fund haven’t provided any dividend yet.
Looking at these fact make your decision.
Mutual fund are getting 5% reserved in all the IPO/FPO offer. As number of mutual fund were few, such reserve in IPO also helps in making profit . But now number of mutual fund is increasing so, we can’t expected same level of growth & profit. Their profit & loss depend upon stock price in secondary market. Because they invest more in stock market.
Disclaimer: Trade in your own risk.
