Nepal Life Capital Limited is set to launch the public issuance of units under the Samriddhi Investment Plan, a closed-end 10-year scheme operated under the Nepal Life Mutual Fund. The total issuance will comprise 16 crore units, with a face value of Rs. 10 per unit, amounting to Rs. 160 crore, and will be available for subscription starting Magh 4, 2082.
Investors can submit applications until Magh 8, 2082, and if all units are not fully subscribed, applications will remain open until Magh 18, 2082. Of the total units, 15% (2.4 crore units) have been reserved, with 14% (2.24 crore units) allocated to the fund promoter, Nepal Life Insurance Company Limited, and 1% (16 lakh units) reserved for the plan manager. The remaining 13.6 crore units will be offered to the general public.
Eligible investors can apply for a minimum of 100 units and a maximum of 1.6 crore units. Nepal Life Capital Limited will act as the issue and sales manager for the plan. ICRA Nepal has assigned the fund promoter a ‘Double A Minus’ (AA-) Issuer Rating. Investors can submit applications through ASBA member banks and financial institutions, as well as via the Mero Share online portal using the C-ASBA system.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
