Reminder: Last Day to Apply for "Nabil Balanced Fund III"

Nabil Investment Banking Limited is closing the public issue of the "Nabil Balanced Fund III" today. The public issue opened on 25th Bhadra and will conclude today, i.e. on 29th Bhadra, 2078, at the end of banking hours.

Nabil Balanced Fund III is a close-ended fund, meaning it will be traded in NEPSE. The fund has a maturity period of 10 years. The fund has 10 crore units at a par value of Rs 10 per unit. 14% of the fund is allocated to fund promoter Nabil Bank and 1% to fund manager Nabil Invest. The remaining 8.5 crores units are open for the public issue.

According to Nabil Invest, 1,05,849 applicants have applied for a total of 12,86,95,940 units. This is the data reported by the issue manager at 4: 39 pm yesterday. Thus the issue is already oversubscribed more than 1.5 times. 

Interested investors can apply for a minimum of 100 units to a maximum of 1 crore units.

Exclusive Interview With CEO - Manish Narayan Joshi, Nabil Invest