Nepal's First Open-Ended Scheme "NIBL Sahabhagita Fund" has Got Approval from SEBON to Increase its Size to Rs. 2 Billion

Nepal's first open-ended scheme "NIBL Sahabhagita Fund" has got approval from SEBON to increase its size to Rs. 2 billion.

Nepal Investment Mega Bank Ltd. (NIMBL) - with 36^th years of successful operations and one of the leading banks of Nepal, had registered “NIBL Mutual Fund” as a Fund Sponsor in Securities Board of Nepal (SEBON) with an objective to diverse Mutual Fund Schemes in Nepalese Capital Market. Nepal's first open-ended scheme "NIBL Sahabhagita Fund" operated under NIBL Mutual Fund was launched in 2019 with a total size of 20 crores and has attained a milestone size of 1 Billion.

Considering the high demand of investors, NIBL Ace Capital approached SEBON to increase the size of the scheme to Rs. 2 Billion and has gained approval from SEBON on 17^th of Poush 2079.

Considering the developing capital market of Nepal, growing mutual fund industry and increasing investor in mutual fund and being Nepal's first open-ended scheme, this scheme has been successful in giving reasonable returns to its unit holders since the first year of its operation, under which a total of 65.45% dividend have been distributed in 3 years of successful operations and an average annual return of 21.81%. So, far the scheme has yielded the highest returns compared to other open-ended mutual fund schemes.

Investors who want to invest in this scheme can invest by submitting duly filled forms available at all the branch offices of NIMB and NIBL ace Capital and distribution agents. They can also apply online by visiting the website (www.niblcapital.com) of NIBL Ace capital. Investors can participate in a Dividend Re-Investment Plan as well which eliminates constant logistical hassles and ensures investors don’t miss out an investment opportunity.

With skilled and experienced fund managers, the scheme that started with a size of 20 crores and was able to a gain significant participation of investors due to its lucrative returns, and as of now it is has crossed a size of more than 1 billion becoming the largest ever open-ended scheme in the Nepalese capital Market.