NIC Asia Equity Opportunity Fund Allotment Concluded
Summary
NIC Asia Equity Opportunity Fund has increased its size from Rs 80 crore to Rs 1 arba after strong investor demand led to early closure and oversubscription. The scheme received applications worth about Rs 102.44 crore from 41,143 valid applicants.
Key Points
- NIC Asia Equity Opportunity Fund, managed by NIC Asia Capital, increased its fund size from Rs 80 crore to Rs 1 arba.
- The issue closed early after applications reached 8.74 crore units, or 1.29 times the units offered.
- A total of 41,143 valid applicants applied for units worth approximately Rs 102.44 crore.
- The fund size was raised by 25% under the scheme provisions due to oversubscription.
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