Public units open for subscription at Rs. 10 face value; fund targets 31 blue-chip companies.
Nabil Investment Banking Limited has announced the launch of its second open-ended mutual fund under the Nabil Mutual Fund umbrella. The new scheme, named NI 31 Scheme, will begin unit issuance from Shrawan 30.
The total fund size is set at Rs. 25 crore, with 2.5 crore units to be issued at a face value of Rs. 10 per unit. Of the total units, 37.5 lakh units have been reserved for the fund manager, while 1.125 crore units will be offered to the general public in the first phase.
Retail investors can apply for a minimum of 100 units and up to a maximum of 25 lakh units. The earliest closing date for applications is Bhadra 3, while the extended deadline is Bhadra 13, depending on the subscription level.
Investment Focus
The NI 31 Scheme is designed to invest exclusively in 31 listed blue-chip companies in the Nepali capital market. The objective of the scheme is to deliver attractive long-term returns by focusing on fundamentally strong and well-established companies.
Background
Nabil Investment Banking Limited has prior experience in managing mutual funds, having successfully launched and operated the Nabil Equity Fund in the past.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
