NIBL Sahabhagita Fund to follow T+2 settlement cycle; first open-ended mutual fund scheme of Nepal to upgrade to SEBON’s recent directive to benefit its fundholders
NIBL Sahabhagita Fund, the first open-ended mutual fund of Nepal, managed by NIBL Ace Capital, has announced to follow the T+2 settlement cycle as recently proposed by the Securities Exchange Board of Nepal.
Keeping into view the quick and effective settlement process for its fundholders, the merchant banker has decided to reduce the required settlement days for its mutual fund scheme, as per the media statement.
