NIC Asia Growth Fund Delisted From NEPSE; Fund Matured From Falgun 26

NIC Asia Growth Fund (NICGF), a closed-end 7-year mutual fund scheme with a total size of Rs. 83.52 Crore, has matured from the 26th of Falgun, 2081.

Managed by NIC Asia Capital Limited, with NIC Asia Bank Limited as the fund sponsor, this fund issued its delisting notice on the 26th of Falgun, 2081. Notably, the scheme has consistently provided dividends to investors over the past six fiscal years.

After the end of the maturity period, the transaction of the shares of the mutual fund will be suspended, and the investors are to receive their share of investment after the mutual fund sells all its investment. At the end of its maturity period, the fund needs to sell all the shares, debentures, and non-listed shares and proportionally distribute the amount to the unit holders. The latest NAV stands at Rs. 11.29 as of Magh.