SEBON Approved NIC Asia Capital's Mutual Fund Scheme ; "NIC Asia Equity Opportunity Fund" To Issue 8 Crore Mutual Fund Units
Summary
SEBON has approved NIC Asia Capital’s closed-end 10-year mutual fund scheme, NIC Asia Equity Opportunity Fund, worth Rs 80 crore. The fund will issue 8 crore units at a par value of Rs 10 each, with NIC Asia Bank as sponsor and NIC Asia Capital as fund manager.
Key Points
- SEBON has approved the NIC Asia Equity Opportunity Fund worth Rs 80 crore.
- The scheme is a closed-end 10-year mutual fund that will issue 8 crore units at a par value of Rs 10 per unit.
- NIC Asia Bank Limited is the sponsor of the fund, while NIC Asia Capital Limited is the fund manager.
- NIC Asia Capital currently manages four closed-end funds and one open-end fund.
