Nabil Investment refunds money to the unitholders of Nabil Balance Fund-1; Unit holders to receive Rs 17.46 per unit

Nabil Investment Banking Limited has started refunding the money to the unit-holders of Nabil Balance Fund-1 (NBF1) from Ashadh 27, 2075 i.e yesterday.

The unit holders of the mutual fund are receiving Rs 17.46 per unit inclusive of tax. However, the unitholders are receiving different amounts which is due to the difference in the tax calculation. The tax has been calculated on the cost price of the investors. Hence, tax shall be different for each individual.

The Investment Bank is distributing total amount of Rs 1,30,97,97,493.47 to the unit holders.

The fund had matured on Chaitra 29, 2074, however, the refund is being made from Ashadh 27, 2075.

Nabil Balance Fund-1 was a closed end 5 years mutual fund scheme of Rs 75 crore managed by Nabil Investment Banking Limited and sponsored by Nabil Bank Limited. The mutual fund scheme was started on Chaitra 30, 2069 and matured on Chaitra 29, 2074.