Nepal Investment Bank Promoted "NIBL Growth Fund" to Issue 16 crore units Mutual Fund Scheme to General Public from Poush 07

NIBL Ace Capital Limited has published an offer letter to issue the closed-end mutual fund scheme "NIBL Growth Fund." The issue will open on 7th Poush and close on 12th Poush, 2079. If not subscribed fully by the early closing date, the issue can be extended till Poush 21.

16 crore unit shares will be issued at a par value of Rs. 10 per unit. 19% of the total units i.e. 3.04 crore units worth Rs. 30.4 crores have been allocated to the fund promoter Nepal Investment Bank Limited whereas 1% of the total units i.e. 16 lakh units have been allocated to the fund manager NIBL Ace Capital Limited. Thus, the remaining 12.80 crore units will be allocated to the general public.

"NIBL Growth Fund" is a closed-end fund, meaning it can be traded in NEPSE. The fund has a maturity period of 10 years. Applicants can apply for a minimum of 100 units to a maximum of 1.6 crore units.

Currently, NIBL Ace Capital is managing two closed-end funds i.e NIBL Pragati Fund (NIBLPF) and NIBL Samriddhi Fund - 2 (NIBSF2), and one open-end fund NIBL Sahabhagita Fund (NIBLSF) in the market.

Offer Letter