Securities Board of Nepal (SEBON) has granted permission to Siddhartha Capital for the issuance of Siddhartha Equity Fund worth Rs 1.20 billion. The mutual fund will commence on October 11- 15.
Similarly, Global IME Capital, Sanima Capital, CBIL Capital, NIC Asia Capital and NIBL Capital are also seeking approval for the mutual fund issuance from SEBON.
Among them, Global IME has sought approval for Global IME Balance Fund 1 worth Rs 1.20 billion and Sanima Capital for Sanima Equity Fund worth Rs 1.20 billion. Likewise, Citizens Mutual Fund 1 is seeking approval for Rs 1 billion worth of mutual fund units and NIC Asia Growth Fund is set to issue mutual fund units worth Rs 1 billion.
Moreover, NIBL Capital has applied for the issuance of NIBL Sahabhagita Fund worth Rs 500 million.
