Friday, July 12, 2013

NCM Mutual Fund finally pays back handsome return to its unit holders

NCM Mutual Fund-2059 has become the one of the first mutual fund schemes in the country to provide a handsome return on investment to investors who had put their money in the fund.

The closed end 10 years mutual fund scheme was managed by NIDC Capital Markets.

NCM had announced to pay out to the investors a partial amount of Rs 25 on Baisakh 10, 2070. Finally, the fund published a notice saying that it will start paying out the remaining Rs 10 to the investors from Asar 28, Friday, following the sale of all of its assets.

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