For the month of Mangsir, the financial highlights of the NIC Asia Balanced Fund (NICBF), a 10-year mutual fund scheme administered by NIC Asia Capital, have been published online. The net asset value (NAV) for the period was Rs. 13.02, down from the previous month’s NAV of Rs. 14.59.
The fund size at the start of the plan was Rs. 75.50 crores, which included seed cash from the fund’s sponsor. The plan has made investments in shares of publicly traded businesses worth Rs. 61.29 crores and in debentures worth Rs. 15.42 crores. Rs. 1.53 crore has been invested in non-publicly traded stocks. The amount invested in fixed deposits currently stands at Rs. 10.3 crores, while the bank’s current account balance is Rs. 9.27 billion.
It has made a profit of Rs. 21.39 crores in Mangsir, according to the NIC Asia Balanced Fund (NICBF). It had made a net profit of Rs. 33.24 crores in the preceding month, according to the company’s financial statements.
Additionally, the NAV report for the R20;NIC Asia Dynamic Debt Mutual Fund” has been made public as well.
The merchant bank intends to use this open-ended mutual fund scheme to promote the continued efforts of various banks and financial institutions (BFIs) that have been issuing a number of debenture programs into the market. It also seeks to reduce risks by investing in debentures, which are regarded to be more resistant to severe downturns, such as those experienced in the equity market.
The fund has made investments in listed stocks worth slightly more than Rs. 8.04 crores and non-listed stocks worth slightly more than Rs. 12.53 lakhs. However, while it has invested around Rs. 19.71 crores in listed debentures, Rs. 6 crores of the cash has been maintained in fixed deposits for safety. The fund has bank deposits totaling more than Rs. 18.68 crores.
The net asset value (NAV) of the fund in Mangsir is Rs. 10.56. Rs. 10.83 had been the rate in the previous month. There is a profit of more than Rs. 2.47 crores in the “NIC Asia Dynamic Debt Mutual Fund.” The profit for the month prior to that was Rs. 3.79 crores.
It has published its monthly net asset value (NAV) report for the month of Mangsir 2078, which shows that the fund’s NAV was Rs. 13.98 for the month. NIC Asia Growth Fund (NICGF) is a closed-end 7-year mutual fund scheme managed by NIC Asia Capital Limited with NIC Asia Bank Limited as its fund sponsor. The net asset value (NAV) was Rs. 15.8 in the preceding month.
With an initial capital amount of Rs.83.52 crores, the program has invested Rs. 79.91 crores in the shares of publicly traded firms and Rs. 2.81 crores in the shares of non-publicly traded companies. Fixed deposit programs have attracted an investment of Rs. 12.35 crores from the company. This scheme has a bank balance of Rs. 15.16 crores and a debenture portfolio worth Rs. 6.37 crores.
Up until the month of Mangsir, the company had declared a net profit of Rs. 30.32 crores, which was down from a profit of Rs. 45.56 crores in the month before that.
link to the original source