Muktinath Bikas Bank's First Mutual Fund Scheme "Muktinath Mutual Fund 1" Worth Rs 1 Arba Added in SEBON Pipeline

The Securities Exchange Board of Nepal (SEBON) has recently added "Muktinath Mutual Fund 1", under preliminary review in the latest list of mutual fund scheme pipeline status published.

Muktinath Mutual Fund 1 is a close-end mutual fund scheme that will have a fund size of Rs. 1 Arba divided into 10 Crore units, having a par value of Rs.10 per unit. The application was sent to SEBON on Ashwin 26. Muktinath Capital is the fund manager of the mutual fund scheme. Whereas, Muktinath Bikas Bank Limited (MNBBL) is the Fund Sponsor of this scheme.

This is the first mutual fund scheme that will be managed by Muktinath Capital Limited.