Deadline To Apply For NIC Asia Capital's Mutual Fund Scheme "NIC Asia Growth Fund 2" Extended Till Mangsir 18
Thu, Nov 23, 2023 8:04 AM on Latest, Mutual Fund,
NIC Asia Capital Limited has extended the deadline for mutual fund scheme "NIC Asia Growth Fund 2" to the general public and institutions till 18th Mangsir, 2080. The issue opened on the 4th Mangsir and was supposed to close today i.e. on 7th of Mangsir, 2080. However, since the scheme didn't receive enough applications, the issue has been extended till Mangsir 18.
Out of 10 crore unit shares, 15% i.e. 1.5 crore units worth Rs. 15 crores have been allocated to the fund promoter NIC Asia Bank Limited. The remaining 8.5 crore units are issued to the general public.
"NIC Asia Growth Fund 2" is a closed-end fund with a maturity period of 7 years. Applicants can apply for a minimum of 100 units to a maximum of 1,00,00,000 units.
According to CDSC, a total of 26,347 applicants have applied for 3,52,86,760 units worth Rs. 35.28 Crore so far. This data is as of 5 pm yesterday.
As of now, NIC Asia Capital is managing four closed-end funds i.e. NIC Asia Balanced Fund (NICBF), NIC Asia Growth Fund (NICGF), NIC Asia Select-30 (NICSF), and NIC Asia Flexi Cap Fund (NICFC), and one open-end fund i.e NIC Asia Dynamic Debt Fund (NADDF) in the market.
