NIC Asia Capital manages six mutual funds, and the NAV report for all these funds has been published for the month of Kartik. This report provides a comparative analysis of each mutual fund, highlighting the data from the previous month alongside the current month’s performance.
| Fund Name | Fund Type | NAV (Kartik) | NAV (Previous Month) | Fund Size (Crores) | Investments (Crores) | Bank Balance (Crores) | Net Profit (Kartik) | Net Profit (Previous Month) |
|---|---|---|---|---|---|---|---|---|
| NIC Asia Balanced Fund | Closed-end (10 years) | Rs. 11.28 | Rs. 11.38 | Rs. 75.50 | Rs. 53.67 (listed shares), Rs. 21.77 (debentures), Rs. 0.73 (non-listed shares) | Rs. 2.44 | Rs. 9.49 Crore | Rs. 10.22 Crore |
| NIC Asia Dynamic Debt Fund | Open-end | Rs. 10.54 | Rs. 10.53 | Rs. 88.86 | Rs. 27.84 (listed shares), Rs. 31.63 (debentures), Rs. 0.44 (non-listed shares) | Rs. 24.90 (bank deposits), Rs. 8.70 (fixed deposits) | Rs. 3.77 Crore | Rs. 3.70 Crore |
| NIC Asia Growth Fund | Closed-end (7 years) | Rs. 11.97 | Rs. 12.14 | Rs. 83.52 | Rs. 80.84 (listed shares), Rs. 12.50 (debentures), Rs. 0.80 (non-listed shares) | Rs. 4.56 | Rs. 16.31 Crore | Rs. 17.73 Crore |
1. NIC Asia Balanced Fund (NICBF)
The NIC Asia Balanced Fund is a closed-end scheme for 10 years. Kartik’s NAV is Rs. 11.28, slightly down from Rs. 11.38 the previous month. With a fund size of Rs. 75.50 crores, it primarily invests Rs. 53.67 crores in listed shares and Rs. 21.77 crores in debentures. It holds Rs. 2.44 crores in the bank. Kartik’s net profit is Rs. 9.49 crores, lower than Rs. 10.22 crores last month.
2. NIC Asia Dynamic Debt Fund (NADDF)
The NIC Asia Dynamic Debt Fund is an open-end mutual fund with no maturity date. Kartik’s NAV is Rs. 10.54, slightly higher than Rs. 10.53 the previous month. The fund size is Rs. 88.86 crores, with investments in listed shares (Rs. 27.84 crores) and debentures (Rs. 31.63 crores). The fund also holds Rs. 24.90 crores in bank deposits. Kartik’s profit is Rs. 3.77 crores, up from Rs. 3.70 crores last month.
3. NIC Asia Growth Fund (NICGF)
NICGF is a 7-year closed-end fund with an NAV of Rs. 11.97 in Kartik, decreasing from Rs. 12.14 the month before. The fund size is Rs. 83.52 crore, with Rs. 80.84 crore in listed shares and Rs. 12.50 crore in debentures. The bank balance amounts to Rs. 4.56 crores. The fund reported a profit of Rs. 16.31 crores, down from Rs. 17.73 crores.
4. NIC Asia Select-30 Fund (NICSF)
NICSF is a closed-end mutual fund with a 7-year term. Kartik’s NAV is Rs. 11.38, slightly lower than Rs. 11.42 the prior month. The fund has a fund size of Rs. 125 crores, investing Rs. 91.30 crores in listed shares and holding Rs. 29.82 crores in bank deposits. Kartik’s profit is Rs. 17.03 crores, compared to Rs. 17.61 crores last month.
5. NIC Asia Flexi Cap Fund (NICFC)
The NIC Asia Flexi Cap Fund has an NAV of Rs. 11.64 in Kartik, down from Rs. 11.74 in the previous month. Its Rs. 102 crore fund size is allocated to Rs. 89.61 crore in listed shares and Rs. 12.30 crore in fixed deposits. The fund’s net profit dropped to Rs. 16.59 crores from Rs. 17.64 crores the month before.
6. NIC Asia Growth Fund 2 (NICGF2)
NICGF2 is a 7-year closed-end mutual fund with an NAV of Rs. 10.52 in Kartik, falling from Rs. 11.01 the previous month. Its fund size is Rs. 90.50 crores, investing Rs. 70.33 crores in listed shares and Rs. 12.50 crores in fixed deposits. The fund’s profit for Kartik is Rs. 8.66 crores, compared to Rs. 9.50 crores last month.