Today marks the final day for investors to apply for units under the Nepal Life Samriddhi Investment Plan, managed by Nepal Life Mutual Fund. The sale of 16 crore units of the plan opened on Magh 4, 2082 B.S.
The plan is promoted by Nepal Life Insurance and managed by Nepal Life Capital. Initially, the unit sale was scheduled to close on Magh 8, but the application period was extended to Magh 18 due to low demand. However, the company reported that applications have now exceeded supply, prompting the closure of applications today.
Of the total units issued, 2.24 crore units have been reserved for Nepal Life Insurance as seed capital, and 16 lakh units are allocated to the plan manager, Nepal Life Capital. The remaining 13.6 crore units were offered to the general public.
Investors can apply for a minimum of 100 units and a maximum of 1.6 crore units. Applications must be submitted through ASWA member banks and financial institutions authorized by the Nepal Securities Board.
Nepal Life Capital Limited has been appointed as the issue and sales manager for this plan. The Nepal Securities Board approved the issuance of 16 crore units at a face value of NPR 10 per unit, amounting to a total of NPR 160 crore, for this closed-end investment plan on Poush 13, 2082 B.S.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
