NMB Sulav Investment Fund-1 to mature on Kartik 2, 2076; NEPSE halts trading in secondary market

Nepal Stock Exchange Limited (NEPSE) has published a notice regarding the halt in trading of mutual fund scheme, NMB Sulav Fund-1 (NMBSF1).

Since, the scheme is due to mature on Kartik 2, 2076; upon the request of the fund manager, the trading in the scheme has been halted from Ashwin 30, 2076. The LTP of the scheme on the last day was Rs.10.34 per unit.

NMB Sulav Investment Fund-1 (NMBSF1) 5 years closed-end mutual fund scheme’s NAV increased to Rs.10.53 compared to previous month’s NAV of Rs.10.51. The net profit was reported at Rs.84.19 Lakh till the end of Bhadra, 2076.

This scheme is the fourth mutual fund scheme to mature after introduction of mutual fund regulation in Nepal. Previously, two schemes managed by Siddhartha Capital and one scheme managed by Nabil Merchant Banking had matured.