Applications open today for NIC Asia Equity Opportunity Fund units
NIC Asia Equity Opportunity Fund, operated under NIC Asia Bank Mutual Fund, has opened the sale of 8 crore units from today. 6 crore 80 lakh units will be issued to the general public, with a minimum application of 100 units.
Applications can be submitted from today for the units of 'NIC Asia Equity Opportunity Fund', operated under NIC Asia Bank Mutual Fund. The scheme manager, NIC Asia Capital, is opening the sale of a total of 8 crore units with a face value of Rs 10 each.
Out of the total units, 1 crore 20 lakh units will be reserved for the promoter NIC Asia Bank as seed capital, while the remaining 6 crore 80 lakh units will be issued to the general public. Investors can apply for a minimum of 100 units and a maximum of 1 crore units.
Investors can apply through banks and financial institutions participating in the C-ASBA service authorized by the Securities Board of Nepal, as well as through CDSC's Mero Share. The issue will close at the earliest on Ashwin 13 and at the latest on Ashwin 21 after banking hours.