SEBON Grants Approval to Two Open-Ended Mutual Funds to Issue Additional units

Sep 21, 2023 09:57 AM Merolagani

Securities Board of Nepal (SEBON) has granted approval to two open-ended mutual funds including NIBL Sahavagita Fund and Siddhartha Systematic Investment Scheme to issue additional mutual fund units.

NIBL Sahavagita Fund (NIBLSF) obtained SEBON approval to issue 100 million mutual fund units worth Rs 1 billion. The fund is managed by NIMB Ace Capital.

Similarly, Siddhartha Systematic Investment Scheme (SSIS) obtained SEBON approval to issue 50 million mutual fund units worth Rs 500 million. The fund is managed by Siddhartha Capital.

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