Kathmandu: Nabil Investment Banking Limited is set to launch the second open-ended mutual fund scheme under Nabil Mutual Fund, named ‘NI 31 Scheme’, starting from 14 August.
With a fund size of Rs 250 million, the scheme will issue 25 million units at a face value of Rs 10 per unit. Of these, 3.75 million units will be reserved for the fund manager, while 11.25 million units will be offered to the general public in the first phase.
General investors will be able to apply for a minimum of 100 units and up to a maximum of 2.5 million units. The application period will open from as early as 19 August and close no later than 29 August.
The ‘NI 31 Scheme’ will invest exclusively in 31 listed top-tier (blue-chip) companies in the capital market, aiming to provide attractive long-term returns.
Previously, Nabil Investment Banking Limited had successfully launched and operated the ‘Nabil Equity Fund’.
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