The Securities Board of Nepal (SEBON) has approved the issuance of units for three open-ended mutual fund schemes. The approved schemes are NMB Saral Bachat Fund–E, Citizens Sadabahar Scheme, and NIC Asia Equity Linked Investment Scheme.
For NMB Saral Bachat Fund–E, SEBON has granted permission to issue an additional 2 crore units. Each unit is priced at Rs. 10, meaning a total public issuance worth Rs. 20 crore. The scheme’s fund manager is NMB Capital, and the fund promoter is NMB Bank. So far, 34 crore units of this scheme have already been registered with the board.
Similarly, Citizens Sadabahar Scheme under Citizens Mutual Fund has been allowed to issue units worth Rs. 50 crore. The fund manager will publicly issue 5 crore units at a face value of Rs. 10 each. Citizens Bank is the fund promoter of this scheme.
The third scheme is the NIC Asia Equity Linked Investment Scheme under NIC Asia Mutual Fund. SEBON has approved the issuance of units worth Rs. 1 arba (100 crore). According to the scheme, 10 crore units will be publicly issued at Rs. 10 per unit. NIC Asia Capital is the fund manager, and NIC Asia Bank is the fund promoter.
All three schemes are open-ended mutual funds.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
