Nepal's First open ended Mutual Fund scheme hits trading floor; NIBL Sahabhagita Fund slowly gains traction among investors

Nepal's First open ended scheme after Mutual Fund regulation 2067, NIBl Sahabhagita Fund has been opened for transaction from 14/10/2019. As per the provision the scheme has to be opened for transaction after three months from the date of allotment of units.

In the very first day of transaction a total of 2800 units were sold and 1500 units were repurchased. As per the information provided by the fund manager, investors were enthusiastic to know about the features of Systematic Investment Plan (SIP) and were interested to know about the open ended scheme in detail.

Nepal Investment bank Limited is the fund sponsor and the scheme is managed by NIBL Ace Capital limited.