“NIBL Samriddhi Fund-2”, sale opening from Baisakh 13
Kathmandu, April 18
NIBL Ace Capital Limited is going to sell 12 crore units of “NIBL Samriddhi Fund-2” from Baisakh 13.
The scheme is to be operated under NIBL Mutual Fund under the management of NIBL Ace Capital. Out of the total units of the scheme, 10 lakh units have been allotted to scheme manager NIBL Ace Capital and 2 crore 30 lakh units have been allotted to fund promoters Nepal Investment Bank Ltd. The remaining 9 crore 6 lakh units will be allotted to the public.
A minimum of 100 to a maximum of 1 crore 20 lakh units can be applied for the purchase of the mutual fund with a face value of Rs. 10. The fund will be on sale till Baisakh 16 and if not subscribed fully, the date can be extended to Baisakh 27.
NIBL Samriddhi Fund -2 is a closed-end mutual fund scheme. The scheme will mature in 10 years from the date of distribution of mutual fund. After maturity, the investment of the scheme will be converted into cash and distributed to the unit holders in a proportionate manner as per the prevailing law, said Capital.
All banks and financial institutions participating in the CASBA service along with NIBL Ace Capital can apply for the purchase of the unit. The applicants can also apply from Meroshare apps.