Allotment of NIBL Sahabhagita Fund (Open Ended Schemes) concludes: Fund size stands at Rs 20 crore

NIBL Sahabhagita Fund (Open Ended Scheme) managed by NIBL Ace Capital and sponsored by Nepal Investment Bank, had allotted the public issue of 2 crore units mutual fund scheme worth Rs 20 crore which it issued from Jestha 19 2076 to Ashadh 16 2076. 

This fund will be issuing a maximum 5 crore units worth Rs 50 crore at face value of Rs 10 per unit. Initially at first stage, the fund has issued only 1.25 crore units worth Rs 12.5 crore to general public and 15% of total fund i.e. 75 lakhs units worth Rs 7.5 crore is reserved to fund sponsor NIB Bank and fund manager NIBL ACE Capital Limited as a seed capital.

NIBL Sahabhagita Fund is the NIBL Ace Capital Fund Scheme, and is first open ended fund. This fund is not tradable at Nepal Stock Exchange like other close ended fund and it has no fixed maturity period. It can be bought/sold directly from/to fund sponsor or fund manager.