NMB Sulav Investment Fund 1 distributing cash to unitholders from today; Fund reports annual return of 16.12%

NMB Sulav Investment Fund-1 (NMBSF1), sponsored by NMB Bank and managed by NMB Capital, had matured on Kartik 02, 2076. It took almost 3 months for the capital to dissolve the assets and distribute the fund to the unitholders from the date of maturity.

The fund has dissolved its holding and has published a notice today stating that the amount will be deposited in the unitholders bank account as mentioned in the Demat account. The amount includes the principal amount and the return earned after the deduction of tax payable. According to the notice, the amount will be deposited from Magh 01, 2076 (Today) itself.

Similarly, unitholders who haven't yet dematerialized their units need to visit NMB Capital with share certificate and an application to receive principle, return and remaining dividend of FY 2072/73. While submitting the application, it should mention the three-generation description, the unitholder's bank account and the name of the bank in which the account is maintained.

Likewise, if the units are being kept as collateral for the loan in any bank, they will have to release it and bring it to the capital.

NMBSF had floated 7.50 crore units at a par of Rs 10 per unit. At maturity, the net asset value per unit (NAV) stood at Rs 10.64. After dissolving all the assets, the unit holders will receive Rs 10.701207 per unit.

Including the principal and dividend distributed in the past, the fund has generated a total of Rs 18.41 per unit against the Initial investment of Rs 10. This makes the annual return of the fund at 16.12%.

Announcement