NIC ASIA Capital allots its first-ever open-ended mutual fund scheme to general investors; issue received an overwhelming response with more than 89.5K applications for 5.60 crore units

NIC ASIA Capital has allotted its first open-ended mutual fund scheme NIC ASIA Dynamic Debt Fund that was issued for the general public for a total of 4.25 crore unit.

The IPO had received applications from 89,514 applications who had applied for a 5.60 crore unit mutual fund. All the applicants who applied between 100 units and 5 lakh units were allotted with the total applied units of mutual fund whereas those who applied between 10 lakh to 50 lakh units were allotted with 6.64 lakh units, whereas additional 5 applicants were allotted with 10 additional units.

The final allotment was made on Mangsir 23, 2077 at 9 a.m. at Babarmahal, as per the media statement.