Last Day to Grab Dividend Proposed by Mutual Funds of NIC Asia Capital

Today is the last day to grab the 10% cash dividend for the NIC ASIA Balanced Fund and the 10.50% cash dividend for the NIC Asia Growth Fund dividend proposed by NIC Asia Capital Limited (NICACL). 22nd Kartik is the book closure date. Thus, unit holders maintained before that day are entitled to the dividend payout.

The meeting of the Board of Directors of NIC Asia Capital Limited, held on Ashwin 27, decided to distribute a 10.50% cash dividend (including tax) worth Rs. 8.76 Crores to the unitholders of NIC Asia Growth Fund (NICGF) and 10% cash dividend (including tax) worth Rs. 7.55 Crores to the unitholders of NIC Asia Balanced Fund (NICBF) for the fiscal year 2079/80.

Last Year, NICGF and NICBF announced a 13% cash dividend each for FY 2078/79. As of writing, the LTP of NICGF is Rs. 9.90 and that of NICBF is Rs. 9.02.