The company is issuing 120 million of mutual fund units worth Rs 1.2 billion at a face value of Rs 10 per unit. The issue will close early on August 1 and lately on August 27.
Out of the total offered units, the company has allocated 14 percent i.e. 18 million mutual fund units to NMB Bank as seed capital and 1 percent to NMB Capital. The general investors can apply for the remaining 102 million mutual fund units.
The interested investors can apply for a minimum of 100 and a maximum of 12,000,000 number of mutual fund units from all ASBA approved BFIs and meroshare software.