NIBL Pragati Fund To Be Delisted From NEPSE; Fund Maturing on Poush 26

NIBL Pragati Fund (NIBLPF), a closed-end 7-year mutual fund scheme with a total size of Rs. 75 Crore, is poised to mature on the 26th of Poush, 2080.

Managed by NIMB Ace Capital Limited with NIMB Bank Limited as the fund sponsor, this fund will be issuing its delisting notice on the 24th of Poush, 2080. Notably, the scheme has consistently provided dividends to investors over the past three fiscal years.

After the end of the maturity period, the transaction of the shares of the mutual fund will be suspended and the investors are to receive their share of investment after the mutual fund sells all its investment. At the end of its maturity period, the fund needs to sell all the shares, debentures, and non-listed shares and proportionally distribute the amount to the unit holders. The latest NAV stands at Rs. 9.68 as of Mangsir.

The last traded price of the mutual fund is Rs 9.32 as of 8th January 2024.