Nabil Balance Fund II worth Rs 1.2 billion launched today; Applications open from Baisakh 05, 2076
Wed, Apr 17, 2019 7:20 PM on Corporate, Mutual Fund, Stock Market, Featured,
Nabil Bank Ltd. with its mission to be the ‘1st Choice Provider of Complete Financial Solutions’ registered "Nabil Mutual Fund" with the Securities Board of Nepal (SEBON) for introducing various schemes in the Nepalese Capital Market through its Subsidiary Company, Nabil Investment Banking Ltd. (Nabil Invest), which has been rendering the services of Fund Manager and Depository for its first scheme Nabil Balanced Fund I (NBF-I). Nabil Invest has also been able to establish itself as one of the leading investment and merchant banks in the country in its short span of operation.
Following successful closure of its first scheme – Nabil Balanced Fund I, Nabil Mutual Fund is pleased to announce its third scheme - Nabil Balanced Fund-II (NBF-II). It is a closed ended scheme with a maturity period of 10 years and corpus amount of NPR.1.2 Billion. The objective of the Scheme is to invest in combination of equity, equity related instruments and fixed income instruments as allowed by prevailing rules/regulations on mutual fund for stable returns to its unit holders. For liquidity purpose, the units under NBF-II will be listed in Nepal Stock Exchange (NEPSE) and can be traded like any other securities listed in NEPSE. For maturity, the scheme will follow the prevailing rules/regulations of SEBON.
The following distinguished personalities will act as the Fund Supervisors of NBF-II
|
S.N. |
Names |
Experience |
|---|---|---|
|
1 |
CA. Madan Krishna Sharma |
Professional experience of more than 30 years. |
|
2 |
Prof. Dr. FattaBahadur K.C. |
Former Chairperson of Beema Samiti and more than 36 years of experience in teaching & research. |
|
3 |
Prof. Dr. Devi Pd,Bidari |
More than 37 years of experience in teaching & research. |
|
4 |
Mr. Navin Kumar Varma |
More than 29 years of experience in education & legal profession. |
|
5 |
Mr. Dev Bahadur Bohara |
Former Administrator (Deputy Auditor General), Office of the Auditor General of Nepal. |
The issue will open on April 18, 2019 (Baisakh 5, 2076) with an early closure option of April 22, 2019 (Baisakh 9, 2076) in case of over-subscription. Small, medium and large institutional and/or individual investors can invest in the mutual fund. Minimum investment amount is NPR 1,000 and maximum investment amount NPR 120 Million.
Offer Document approved by SEBON which contains detailed information related to the Scheme are available at the designated Branches of Nabil Bank or at Nabil Invest, Naxal. The applicants can submit their duly filled application via C-ASBA from their bank account or Mero Share.
Nabil Bank & Nabil Invest has already decided to invest 15% of the corpus of the scheme as seed capital.
