Global IME Capital’s second mutual fund scheme worth Rs 1.20 arba in SEBON pipeline

Global IME Capital Limited has applied to Securities Board of Nepal (SEBON) to come up with its another mutual fund. The second mutual fund scheme is named “Global IME Balance Fund-1” and is worth Rs 1.20 arba. Global IME Bank Limited is the fund sponsor of this scheme. Under this scheme, 12 crore units of the mutual fund shares will be issued to the public at a face value of Rs 10 per unit. There are 10 mutual fund schemes already trading in NEPSE currently and 1 (Laxmi Equity Fund) recently floated its issue. Global IME Capital already has its first mutual fund scheme “Global IME Samunnat Scheme-1”, that can be traded in NEPSE. Its last traded price stood at Rs 10.05 and latest weekly Net Asset Value (NAV) stood at Rs 10.38.