NIBL Sahabhagita Fund is the first open ended mutual fund being issued in domestic securities market. NIBL Ace Capital obtained approval from Securities Board of Nepal (SEBON) on April 22 to issue 50 million mutual fund units.
Out of the total approved units, NIBL is issuing 20 million mutual fund units in the first stage. The capital has allocated 1 million mutual funds to NIBL Ace Capital and 6.5 million units to Nepal Investment Bank. The remaining 12.5 million units will be issued to general public.
The interested investors can apply for a minimum of 100 units and maximum of 250,000 mutual fund units. The interested investors can apply from all C-ASBA approved BFIs and through meroshare software.
