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Thanks smart investor for the ans

NCM Mutual Fund - 2059 was a 10 years Closed end Mutual Fund Scheme issued by NIDC Capital Market Limited.

They had issued in total 10 million units at Rs 10 per unit face value. They had invested majority of their investment in the equity market and the corporate bonds, etc.

Since, it was a 10 years closed end scheme. NIDC Capital Market Limited had to liquidate their investment and pay back the returns to all the units holders of the scheme.

So, in last NCM Mutual FUND- 2059 end up paying back Rs 35 per units from the investment of Rs 10 per units in the time frame of 10 years. Also, every year they distributed dividend at a rate of 5- 10% every year.

All this is made out a handsome return by this scheme.

Regards,

Smart Investor

What is full form of NCM mutal fund , and plz explain some thing about its handsome returns .