| Scheme Name |
NIC ASIA Growth Fund-2 |
| Scheme Nature |
Equity Oriented Fund |
| Approved Scheme Size |
NPR 1,000,000,000 (1 Billion) |
| Scheme Size |
NPR 905,000,000 (905 Million) |
| Scheme Type |
Close ended |
| Number of issued units |
90,500,000 (90.5 Million) |
| Per unit Price |
Rs. 10 (Ten Rupees) |
| Scheme Maturity Date |
7 years from the date of allotment |
| Minimum Purchase Units |
100 (One Hundred) |
| Maximum Purchase Units |
10,000,000 (10 million); 10% of the total issue |
| Fund Sponsor |
NIC ASIA Bank Limited, Thapathali, Kathmandu |
| Seed Capital Investment |
Fund Sponsor: NIC ASIA Bank Limited will invest 15% of the total asset of the scheme as seed capital in the NIC ASIA Growth Fund-2 |
| Fund Supervisors |
1. Mr. Bodh Raj Niraula - Master in Economic (ME), Over 32 years of experience in government service including ministry of finance. |
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2. Mr. Ashish Adhikari – LM, Involved in legal practices for over 21 years. |
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3. Mr. Santosh Lamichhane – CPA, ACCA, MBS Over 16 years of experience in Auditing. |
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4. Mr. Shiva Raj Ghimire – MBA, Over 17 years of experience in teaching and education, currently vice president of Saraswati Bahumukhi Campus. |
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5. Mr. Mahendra Nath Karmacharya - M.COM, Over 30 years of Experience in Banking and Financial Sectors. |
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6. Mr. Bishal Sigdel - CA, MBA, Over 17 years experience in banking and consultation. |
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7. Mr. Narayan Sundar Silpakar - CA, MAE, Over 20 years experience in banking and auditing. |
| Fund Manager and Depository |
NIC ASIA Capital Limited (Subsidiary of NIC ASIA Bank Limited) |
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[ICRANP] AMC Quality 3+ (AMC3+): 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 fund’s 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. |
| Investment Objective |
The primary investment goal of the Scheme is to generate long-term capital growth through investments in equities and equity-related securities using an investing strategy that is supported by research. |
| Investment Philosophy |
The investment philosophy for this scheme is to deliver high returns in terms of capital appreciation over the life of the scheme. Investments will be primarily done in growth stocks that can justify their fundamentals over the long term. |
