April 18: Units of NIC Asia Capital’s mutual fund - NIC Asia Growth Fund - have been listed in Nepal Stock Exchange Limited on Monday, April 16. According to the company, the seven-year close-fund scheme was issued for public from January 16 upon receiving the approval from Securities Board of Nepal (SEBON).

Units of the growth fund can now be traded in secondary market after being listed in the stock exchange. Investors will be able to receive both dividend and capital gain from the mutual fund. Apart from this, at the time of maturity, investors will be refunded based on the final Net Asset Value (NAV) of the scheme. The units will be traded in the registered name “NICGF”.

Along with managing mutual fund, NIC Asia Capital has been providing Portfolio Management Services (PMS) as well as Registrar to Shares (RTS) to four companies. NIC Asia Capital has also introduced free-of-cost Demat account with service fee waived for the first year.