- Home
- Our Services
- Mutual Fund
- NIC ASIA Select 30
NIC ASIA SELECT-30
Scheme Name |
NIC ASIA Select – 30 |
|
Scheme Nature |
Equity Oriented Fund |
|
Scheme Size |
NPR 1,250,000,000 ( 1.25 billion) |
|
Scheme Type |
Close ended |
|
Number of issued units |
12,500,000 (12.5 million) |
|
Per unit Price |
Rs. 10 (Ten Rupees) |
|
Minimum Units to be sold |
50,000,000 (50 million) |
|
Maximum Units that can be allotted |
125,000,000 (125 million.) |
|
Scheme Maturity Date |
7 years from the date of allotment |
|
Minimum Purchase Units |
100 (One Hundred) |
|
Maximum Purchase Units |
12,500,000 (12.5 million) |
|
Fund Sponsor |
NIC ASIA Bank Limited, Thapathali, Kathmandu “[CARE-NP] A (Is)” |
|
Seed Capital Investment |
Fund Sponsor: NIC ASIA Bank Limited will invest 15% of the total asset of the scheme as seed capital in the NIC ASIA Select-30 |
|
Fund Supervisors |
|
|
Fund Manager and depository |
NIC ASIA Capital Limited (Subsidiary of NIC ASIA Bank Limited) “[ICRANP] AMC Quality 3 (AMC3)” (Reaffirmed): Adequate Assurance on Management Quality. |
|
Scheme profit distribution Approach |
Profit shall be distributed based on the ratio of net profit earned by the scheme as deemed appropriate considering the fund’s net assets position and investment plan. |
|
Who can purchase the units? |
Resident and Non-resident Nepalese citizens, Registered Nepalese firms, Unions, Organizations, BFIs, Fund set-up by any class or group such as EPF, Welfare funds, “guthi”, etc. |
|
Investment Objective |
The investment objective of the Scheme is to seek to generate long-term capital growth from an actively managed enhanced indexing approach. The mutual fund will take majority position in 30 stocks which will replicate and even try to beat NEPSE’s performance over the long term. |
|
Investment Philosophy: |
The investment philosophy for this scheme is primarily derived from the Efficient market hypothesis (EMH). EMH states that there is no free lunch and generating alpha over longer periods of time cannot be done. As such, if generating alpha cannot be done, then replicating the index performance should be the next best alternative to investors as trying to beat the market by actively managing the portfolio will result in higher turnover expenses for the scheme. Therefore, this scheme will focus on replicating and even beating NEPSE’s returns through enhanced indexing approach. |
|
Asset Allocations |
This scheme will invest in a combination of or in all the following instruments as stipulated by Rule 34 of the prevailing Mutual Fund Regulation: a) Securities registered with SEBON |
|
Fund related expenses/fees: |
||
|
SEBON registration fee: NPR 1,000,000. (10.00 lakh). Issue Management Fees: 0.25% of total Fund Size Other issue related expenses: Charges related to promotion, application, allotment, refund, processing fee and other legitimate charges as approved in Prospectus. |
|
|
(Unless stated by SEBON additional expenses will not be levied on above mentioned headings. Prior approval from SEBON is required to incur additional expenses.) |
|
Charging Schedule |
Quarterly |
|
Accounting Policies |
|
|
Benefits and rights of the unit holders |
|
|
Risks associated with mutual fund investment |
Mutual Fund Investments are subject to market risks. |
Latest Updates View All
-
04SepBhadra 19,2082_Promoter share auction announcement notice of Upakar Laghu Bitta Bittya Sanstha
-
03SepBhadra 18,2082_Completion of 9th Annual Meeting of NIC ASIA Capital
-
02SepBhadra 17,2082_Completion Allotment of Equity Linked Investment Scheme(ELIS)
-
31AugNIC ASIA ELIS मा माग गरिएको इकाई भन्दा १.४८ गुणा भन्दा बढी इकाई खरिदको लागि आवेदन प्राप्त ।
-
31Augइकाईधनी महानुभावहरुलाई प्रतिफल वितरण सम्बन्धी अत्यन्त जरुरी सूचना
-
31AugBhadra 17,2082_Thank You message_Over Suscription of NIC ASIA ELIS