"NIC ASIA Equity Linked Investment Scheme" Added To SEBON pipeline; Open-Ended Fund To Issue 10 Crore Units

The Securities Board of Nepal (SEBON) has added the "NIC ASIA Equity Linked Investment Scheme" to its Mutual Fund Scheme Pipeline.

NIC Asia Capital Mutual Fund is bringing an open-ended scheme called "NIC ASIA Equity Linked Investment Scheme". The fund will be issuing a total of 10 crore units at a par of Rs 10 raising a total of Rs 1 Arba.

NIC Asia Capital is the fund manager of the proposed fund.

As of now, NIC Asia Capital is managing five closed-end funds i.e. NIC Asia Balanced Fund (NICBF), NIC Asia Growth Fund (NICGF), NIC Asia Select-30 (NICSF), NIC Asia Flexi Cap Fund (NICFC) and NIC Asia Growth Fund 2 (NICGF2), and one open-end fund i.e NIC Asia Dynamic Debt Fund (NADDF) in the market.