Securities Board of Nepal (SEBON) has approved the "Shuva Laxmi Kosh (SLK)" worth Rs. 50 crores on Jestha 31, 2079. This is an open-end mutual fund scheme which will be floating 5 crore unit shares each at a par value of Rs 10 per share.
The trustee of the Fund is Laxmi Bank Limited (LBL), while the fund manager is Laxmi Capital Market Limited.
Currently, Laxmi Mutual Fund is managing two close-end funds i.e Laxmi Equity Fund (LEMF) and Laxmi Unnati Kosh (LUK) in the market.