Nabil Bank sponsored Nabil Balance Fund 1 to mature on Chaitra 29; units holders to get their money back proportionally
Tue, Mar 27, 2018 6:15 PM on Latest, Mutual Fund, Mutual Fund, Featured, Stock Market,
Nabil Balance Fund is a close-ended 5 years mutual fund scheme of Rs 75 crore managed by Nabil Investment Banking Limited, whereas sponsored by Nabil Bank Limited. The allotment of the mutual fund was completed on Chaitra 30, 2069. The mutual fund scheme is to mature on Chaitra 29, 2074. The mutual fund has given dividends for the four fiscal years till date.
In total the mutual fund has given a total cash dividend of 100% till the date. 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.
The fund has published its monthly report for Falgun, 2074 according to which its NAV stands at Rs 17.80. As per the report, the fund has made an investment of Rs 31.59 crore in 53 listed companies’ shares, Rs 11.44 crore in listed debentures and Rs 9.69 crore in non-listed shares. At the end of its maturity period, the fund needs to sell all the shares, debentures and non-listed shares and to proportionally distribute the amount to the unit holders.
The last traded price of the mutual fund was Rs 15.5 as on Chaitra 12, 2074. The mutual fund is likely to have started selling its investment to wind up in Chaitra end and refund all the investors.
Also, if the mutual fund is not able to sell all its shares until the end of maturity period, the transaction of the mutual fund will be suspended in the stock exchange while the mutual fund can sell its investment by conducting an auction like Siddhartha Investment Growth Scheme had done with the unsold shares of 24 different companies.
As per the regulations, the mutual fund can refund the money to the unit holders within 3 months after the mutual fund matures. Hence, the fund can sell its shares and refund the amount to the shareholders within Asadh, 2075.
See the NAV report of Nabil Balance Fund as on Falgun, 2074 (here)
| S.No | Cash Dividend % | Fiscal Year |
|---|---|---|
| 1 | 42 | 2073/74 |
| 2 | 30 | 2072/73 |
| 3 | 14 | 2071/72 |
| 4 | 14 | 2070/71 |
The last traded price of the mutual fund was Rs 15.5 as on Chaitra 12, 2074. The mutual fund is likely to have started selling its investment to wind up in Chaitra end and refund all the investors.
Also, if the mutual fund is not able to sell all its shares until the end of maturity period, the transaction of the mutual fund will be suspended in the stock exchange while the mutual fund can sell its investment by conducting an auction like Siddhartha Investment Growth Scheme had done with the unsold shares of 24 different companies.
As per the regulations, the mutual fund can refund the money to the unit holders within 3 months after the mutual fund matures. Hence, the fund can sell its shares and refund the amount to the shareholders within Asadh, 2075.
See the NAV report of Nabil Balance Fund as on Falgun, 2074 (here)
