NIBL Capital all set to launch Rs 80 crore Mutual Fund scheme from today
Wed, Dec 3, 2014 12:00 AM on Mutual Fund, Others,
ShareSansar, December 3:
Nepal Investment Bank’s subsidiary NIBL Capital Limited is all set to debut its mutual fund- ‘NIBL Samriddhi Fund-I’- from today.
The issue will be closed on Mangsir 21 while it can be extended up to Poush 2 if the issue will not get full subscription.
“NIBL Samriddhi Fund-I” is a closed end fund with an initial corpus of Rs 80 crore, and may exceed up to Rs 1 arba.
According to an offer letter, an investor can apply up to 100 units of the shares while 8,000,000 units is the maximum limit.
It had received Fund Management Quality Rating of AMC Quality 3 from ICRA Nepal back in June.
Out of total 80,000,000 units, NIBL has allocated 12,000,000 units or 15 percent of the total sold units for the Nepal Investment Bank and NIBL Capital. Remaining 68,000,000 will be allocated to the public.
The investors have to pay Rs 10 per unit while submitting the form. Accordingly, the minimum investment one can make is only Rs 1000 to apply for this scheme.
To apply for this scheme one can visit any of the branch of Nepal Investment Bank Limited all over Nepal.
For Complete Anouncement: CLICK HERE
