6th March 2025, Kathmandu
The NIC Asia Growth Fund, managed by NIC Asia Capital, will reach maturity on Falgun 25, 2081 (March 9, 2025). This date marks the last opportunity for investors to trade or redeem units of the fund. After 9 March, the fund’s secondary market will close, and no further transactions will take place. The fund, a seven-year closed-end scheme, will officially stop trading on Falgun 26, 2081 (March 10, 2025).
NIC Asia Growth Fund Maturity
Eligibility for Final Returns
Investors who hold their units until 9 March will be eligible to receive their final returns. Over its six years, the NIC Asia Growth Fund has delivered a total return of 85%. The fund has consistently provided solid annual returns, rewarding investors for their trust and investment.
Annual Returns
The fund showed steady growth from the start. It offered a 10% return in the first year, followed by 12% in the second year. In the third year, returns surged to 30%, and they were 13% in the fourth year. The fifth year saw a return of 10.5%, and in the sixth year, the fund returned 9.5%. These consistent returns highlight the fund’s strong performance throughout its life.
Market Closure and Last Chance for Trading
Once 9 March passes, the NIC Asia Growth Fund will stop trading in the secondary market, and investors will no longer be able to buy or sell units. Starting 10 March, the fund will no longer be available for transactions, making 9 March the final day for any trades.
Steps for Investors
NIC Asia Capital urges investors to dematerialize their units before 9 March if they haven’t done so already. Dematerialization is crucial for the transfer of cash dividends into investors’ bank accounts. Investors who have not yet updated their bank account information in their beneficiary accounts should do so promptly to avoid delays in receiving their final payouts.
A Successful Investment Option
Throughout its seven-year run, the NIC Asia Growth Fund has proven to be a successful investment vehicle, providing substantial returns to its investors. As the fund reaches its end, investors will receive their entitled benefits. The fund’s consistent performance and steady returns have made it a popular choice for many, and its closure marks the end of a successful investment journey for those who participated.
With the secondary market closing soon, 9 March is the final opportunity for investors to ensure they receive their returns. NIC Asia Capital advises all investors to complete the necessary steps before the deadline to guarantee full benefits.
For more: NIC Asia Growth Fund Maturity