NMB’s growth fund approach mutual fund expected by July end
Thu, Jun 26, 2014 12:00 AM on Others,
ShareSansar, June 26:
NMB Capital Limited is likely to launch its first mutual fund scheme - NMB Sulav Investment Fund – I, a growth fund approach around end of July.
The five-year scheme will be managed by NMB Capital, a wholly owned subsidiary of NMB Bank.
NMB Sulav Investment Fund – I is a closed end fund with an initial corpus of Rs 60 crore, and may exceed up to Rs 75 crore, according to NMB Capital’s Chief Operating Office Kamal Prasad Nepal.
NMB Sulav Investment Fund has received [ICRANP] AMC Quality 3 (AMCs), which is a very good credit rating.
The documents attached below give details of the scheme, besides general background on mutual funds and their advantages, and an extensive study on the Past, Present, and Future of NEPSE.
