Fund Management Quality Rating Of NIC ASIA Capital From ICRA Nepal

NIC ASIA Capital Limited, the Bank's 100% subsidiary, has been assigned Fund Management Quality Rating of “[ICRANP] AMC Quality 3 (AMC3) (pronounced ICRA NP Assets Management Company Quality Three) by the ICRA Nepal Ltd.

July 18, 2017, 5:17 p.m.

NIC ASIA Capital Limited, the Bank's 100% subsidiary, has been assigned Fund Management Quality Rating of “[ICRANP] AMC Quality 3 (AMC3) (pronounced ICRA NP Assets Management Company Quality Three) by the ICRA Nepal Ltd.

Entities with AMC3 are adjudged to provide adequate assurance on management quality. The rating has duly factor the ownership and technical support received by the Capital from the NIC ASIA Bank, adequately established organization structure, and back ground of fund supervisors.

The Capital is in process of bringing a mutual fund of Rs. 1 billion which is under approval process with Securities Board of Nepal (SEBON). 

NIC ASIA Capital Limited has been providing full-fledged Merchant Banking Services including Depository Participants (DP), Portfolio Management Services (PMS), Registrar to Shares (RTS), and advisory services to its clients.

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