Cash Dividend Declared: 10% Return for NADDF, 14% For NICSF, 10.50% For NICFC, 9.50% For NICGF, And 9.25% For NICBF
Thu, Aug 1, 2024 11:00 AM on Dividend, Bonus & Rights, Mutual Fund, NEPSE News, Latest,
NIC Asia Select-30 (NICSF), NIC Asia Flexi Cap Fund (NICFC), NIC Asia Growth Fund (NICGF), NIC ASIA Balanced Fund (NICBF), and NIC Asia Dynamic Debt Fund (NADDF) have declared the dividend for the fiscal year 2080/81 respectively.
The 143rd meeting of the board of directors of NIC Capital Limited, held on Shrawan 16, has resolved to distribute the following dividends for the fiscal year 2080/81: a 10% return to NADDF; a 14% cash dividend (including tax), amounting to Rs. 17.50 crores, to the unitholders of NICSF; a 10.50% cash dividend (including tax), totaling Rs. 10.71 crores, to the unitholders of NICFC; a 9.50% cash dividend (including tax), worth Rs. 7.93 crores, to the unitholders of NICGF; and a 6.98% cash dividend (including tax), equating to Rs. 6.98 crores, to the unitholders of NICBF.
NIC Asia Dynamic Fund is an open-ended fund, while NICSF, NICFC, NICGF, and NICBF are closed-end funds with maturity periods of 7 years and 10 years, respectively. All these mutual fund schemes are sponsored by NIC Asia Bank and managed by NIC Asia Capital.
For the month of Ashadh, the Net Asset Values (NAVs) for various funds are reported as follows: NICSF has an NAV of Rs. 11.46 and closed at Rs. 10.20; NICFC has an NAV of Rs. 11.34 with a closing value of Rs. 10.20; NICGF's NAV stands at Rs. 11.47, closing at Rs. 10.86; NICBF has an NAV of Rs. 11.00 and closed at Rs. 10.00. Additionally, NADDF has an NAV of Rs. 11.09.