Attraction of NIBL Growth Fund amongst the Investors

NIBL Mutual Fund has launched " NIBL Growth Fund" (NIBLGF) the fifth mutual fund scheme under NIBL Mutual fund. NIBLGF is a Closed End Mutual Fund Scheme with corpus size of NPR. 1.6 Billion and maturity period of 10 years. The scheme has projected to provide 20.25% of effective annual returns. NIBL Ace capital Limited is the Fund Manager and depository of scheme.

The public issue (IPO) is now open from December 22, 2022 (Poush 07, 2079) with closing date on January 5, 2023 (Poush 21, 2079) Investors (Individual & Institutions) can invest in the scheme with minimum investment amount of NPR 1,000 and maximum of NPR 160 Million.

Compared to recently launched other Mutual Fund Schemes, this scheme has been able to add enthusiasm amongst the investors and been able to drag their interest towards the largest ever scheme of mutual fund in Nepalese Capital market. As of Fourth working day of issue, application for 80.63 Million units out of 160 Million units have been received, which is equivalent to more than 50% of the issue size.

Applicants can submit their duly filled application via C-ASBA from their bank account or meroshare.

Click here for detailed information about NGF