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Synopsis of NIC ASIA Balanced Fund
Scheme Name |
NIC ASIA Balanced Fund |
Scheme Nature |
Balanced Fund |
Scheme Size |
NPR 1,25,00,00,000 (One Arba Twenty Five Crore) |
Scheme Type |
Close ended |
Number of issued units |
12,50,00,000 (Twelve Crore Fifty Lakhs) |
Per unit Price |
Rs. 10 (Ten Rupees) |
Minimum Units to be sold |
6,25,00,000 (Six Crore Twenty-Five Lakhs) |
Maximum Units that can be allotted |
15,62,50,000 (Fifteen Crore Sixty-Two Lakhs Fifty Thousand) |
Scheme Maturity Date |
10 years from the date of allotment |
Minimum Purchase Units |
100 (One Hundred) |
Maximum Purchase Units |
1,75,00,000 (One Crore Seventy-Five Lakhs); 14% of the total issue |
Fund Sponsor |
NIC ASIA Bank Limited, Thapathali, Kathmandu “[CARE-NP] A (Is) (Reaffirmed)” |
Seed Capital Investment |
Fund Sponsor: NIC ASIA Bank Limited and Fund Manager: NIC ASIA Capital Limited will collectively invest 15% of the total asset of the scheme as seed capital in the NIC ASIA Balanced Fund |
Fund Supervisors |
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Fund Manager and depository |
NIC ASIA Capital Limited (Subsidiary of NIC ASIA Bank Limited) “[ICRANP] AMC Quality 3 (AMC3)” (Reaffirmed): Adequate Assurance on Management Quality. |
Scheme profit distribution Approach |
Profit shall be distributed based on the ratio of net profit earned by the scheme as deemed appropriate considering the funds net assets position and investment plan. |
Who can purchase the units? |
Resident and Non-resident Nepalese citizens, Registered Nepalese firms, Unions, Organizations, BFIs, Fund set-up by any class or group such as EPF, Welfare funds, “guthi”, etc. |
Asset Allocations |
This scheme will invest in a combination of or in all the following instruments as stipulated by Rule 34 of the prevailing Mutual Fund Regulation: a) Securities registered with SEBON |
Fund related expenses/fees: |
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SEBON registration fee: NPR 10,00,000. (10 lakh). Other issue related expenses: Charges related to promotion, application, allotment, refund, processing fee and other legitimate charges. |
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(Unless stated by SEBON additional expenses will not be levied on above mentioned headings. Prior approval from SEBON is required to incur additional expenses.) |
Charging Schedule |
Quarterly |
Accounting Policies |
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Benefits and rights of the unit holders |
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Risks associated with mutual fund investment |
Mutual Fund Investments are subject to market risks. |
Latest Updates View All
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11FebMagh 29,2081_3 x 32 NIC Capital All in One
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09FebMagh 27,2081_Jivan Bikas Laghubitta Bittiya Sanstha_Promoter Share
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04FebMagh -22,2081_Promoter share auction announcement notice of Sanakishan Bikas Laghubitta Bittya Sanstha Ltd.
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12JanPoush 28, 2081_NIC ASIA Capital_-Lock In Peirod_Emerging Nepal
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09JanPoush 25_2081, Promoter share auction issue open notice
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11DecMangsir 26, 2081_Promoter Share Auction Notice