The company is issuing 160 million mutual fund units at a face value of Rs 10 from December 22. Out of the total offered units, the capital has secured 1 percent i.e. 1.6 million units for the scheme manager and 19 percent i.e. 30.4 million to promoter Nepal Investment Bank. The general public can apply for the remaining 128 million mutual fund units.
The interested investors can apply for a minimum of 100 and maximum of 16 million mutual fund units.
NIBL Growth Fund is a close-ended mutual fund scheme. The overall size of the scheme is Rs 1.60 billion. The issue must sell at least 80 million mutual fund units, otherwise, the capital will refund the amount. The scheme will mature in 10 years.
The fund is managed by NIBL Ace Capital. The interested investors can apply from all C-ASBA-approved BFIs.
