NIC Asia Capital to float mutual fund schemes NIC Asia Balanced Fund from 08 Shrawan 2076 to 12 Shrawan 2076. If the issue is not subscribed within given 4 days, issue will be remains open till 05 Bhadra 2076. The schemes name is NIC Asia Balanced Fund.
NIC Asia Balanced Fund will be floating 12.50 crore units at the rate of Rs. 10. Out of total issue, it has reseved 15% or 1.87 crore units for NIC Asia Bank, 14% or 1.75 crore units for NIC Asia Capital. Remaining 10.63 crore units will be floated for general public.
Applicants can apply for minimum 100 units and maximum 1,75,00,000 units.
It is 10 years close ended mutual fund schemes. Interested applicants can apply through C-ASBA approved Banks & financial institutions.
The issue will be managed by NIC Asia Capital Limited itself.
The fund sponsor is NIC Asia Bank Limited & fund manager is NIC Asia Capital Limited.
