Reminder: Last Day to Grab Dividend of NIC Asia Capital's Mutual Funds

Today is the last trading day before the book closure date for the dividend of NIC Asia Capital's mutual funds. Thus, unitholders maintained till today are entitled to the cash dividend. 

The 93rd board meeting of NIC Asia Capital Limited held on Shrawan 15 proposed dividends for NIC Asia Growth Fund (NICGF) and NIC Asia Balanced Fund (NICBF) for the fiscal year 2077/78.

The dividend is as follows:

1. NIC Asia Growth Fund (NICGF): 30% Cash Dividend including tax

2. NIC Asia Balanced Fund (NICBF): 30% Cash Dividend including tax

NIC Asia Growth Fund (NICGF) is a closed-end 7 years mutual fund while NIC Asia Balanced Fund (NICBF) is a 10 years closed-end mutual fund scheme. Bhadra 27 is the book closure date. Thus, unitholders maintained before that day are entitled to the dividend payout.