NMB 50 Delisted From NEPSE; Fund to Be Matured From Bhadra 12

NMB 50 (NMB50), a closed-end 7-year mutual fund scheme with a total size of Rs. 1.25 Arba, will mature on the 12th of Bhadra, 2083.

Managed by NMB Capital Limited with NMB Bank Limited as the fund sponsor, this fund issued its delisting notice on the 10th of Bhadra, 2083. Notably, the scheme has consistently provided dividends to investors over the past seven fiscal years.

After the end of the maturity period, the transaction of the shares of the mutual fund will be suspended and the investors are to receive their share of investment after the mutual fund sells all its investment. At the end of its maturity period, the fund needs to sell all the shares, debentures, and non-listed shares and proportionally distribute the amount to the unit holders. The latest NAV stands at Rs. 10.45 as of Ashad.