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NIC Asia Capital expands mutual fund size to NPR 1 billion

The fund manager raised the scheme size from NPR 800 million following higher investor demand.

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  1. 0:01NIC Asia Capital has raised the
  2. 0:03size of its equity mutual fund
  3. 0:05to NPR 1 billion.
  4. 0:07The fund was initially set at
  5. 0:09NPR 800 million before public applications
  6. 0:12exceeded the units offered.
  7. 0:15Regulatory guidelines permit schemes to expand
  8. 0:18by up to 25 percent when
  9. 0:20demand exceeds the offer.
  10. 0:22The NIC Asia Equity Opportunity Fund
  11. 0:25is the firm's sixth closed-end scheme.
  12. 0:28For the full story, visit wenepal.com.
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