Nabil Mutual Fund to operate Nabil Equity Fund

Nabil Mutual Fund, a subsidiary of Nabil Bank has launched its second scheme -Nabil Equity Fund (NEF). It is a close ended scheme with a maturity period of 7 years and corpus amount of NPR.1 Billion. The objective of the scheme is to invest mainly in equity and equity related instruments followed by certain investments in fixed income instruments as allowed by prevailing rules/regulations on mutual fund for stable returns to its unit holders. The issue will open on September 18, 2016 with an early closure option of September 22, 2016 in case of over-subscription. Small, medium and large investors can invest in the mutual fund with minimum investment amount Rs.1, 000 and maximum investment amount Rs. 100 Million. In addition, Nabil Bank & Nabil Invest has already decided to invest 15% of the value of the scheme as seed capital.