The NIC Asia Capital has opened the sale of a mutual fund called ‘NIC Asia Growth Fund 2’. The capital has sold 10 crore units at a price of Rs 10 per unit.
Investors can apply for a minimum of 100 units and a maximum of 1 crore units. I can apply for shares in the mutual fund of NIC Asia Bank. Investors can apply for shares in the mutual fund from Poush 7 to Poush 18.
NIC Asia Bank will secure 15%, or 1 crore 50 lakh units, of the total units sold. The remaining 8 crore, 50 lakh units, can be applied for by the general public.
The mutual fund brought by the bank has been provided with a ‘A Minus’ rating by Infomerk Credit Rating Company. The rating indicates low risk in investment. The issuance of the mutual fund and the sale manager is NIC Asia Capital Limited.