NIC Asia Balanced Fund (NICBF), a 10-year mutual fund scheme managed by NIC Asia Capital has published financial highlights for the month of Magh. The NAV for the period was reported at Rs. 14.27 from the previous months’ NAV of Rs. 14.60.
The scheme began with a fund size of Rs. 75.50 crores including seed capital from the fund sponsor. The scheme has invested Rs. 62.56 crores in shares of listed companies and Rs. 15.42 crores in debentures. Rs. 7.18 crore is invested in non-listed shares. Amount invested in fixed deposits stands at Rs. 9 crores while the bank balance stands at Rs. 12.08 crores.
NIC Asia Balanced Fund (NICBF) is at a profit of Rs.30.81 crores in Magh. In the previous month, it was at a net…
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