New mutual fund scheme, Nabil Balance Fund-2 receives final approval from SEBON; scheme to have massive fund size of Rs.1.20 Arba

After a successful maturity of the scheme Nabil Balance Fund-1 (NBF1), SEBON has provided final approval to another mutual fund scheme, Nabil Balance Fund-2 (NBF2), which will be managed by Nabil Investment Banking Limited and sponsored by Nabil Bank Limited.

The total size of the new scheme is Rs.1.20 Arba which will be raised through 12 Crore unites of Rs.10 each.

Earlier, the unit holders of Nabil Balance Fund -1 (NBF1) received Rs.17.46 per unit, inclusive of tax, upon maturity of the scheme. The Investment Bank distributed total amount of Rs.1.30 Arba to the unit holders. Nabil Balance Fund-1 was a closed end 5 years mutual fund scheme with fund size 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.