NMB Bank Promoted "NMB Hybrid Fund L-II" to Issue 10.20 crore units Mutual Fund Scheme to General Public From Magh 24
Tue, Jan 21, 2025 9:42 AM on Mutual Fund, Highlight News,
NMB Capital Limited has published an offer letter to issue the "NMB Hybrid Fund L-II" closed-end mutual fund scheme. The issue will open from 24th Magh to 28th Magh, 2081. If not subscribed fully by the early closing date, the issue can be extended till the Falgun 8.
Out of 12 crore unit shares, 1%, i.e. 12 lakh units worth Rs. 1.2 crore, have been allocated to the scheme manager NMB Capital Limited, and 14%, i.e. 1,68,00,000 units worth Rs. 16.80 crores, have been assigned to the fund sponsor NMB Bank Limited. The remaining 10,20,00,000 crore units worth Rs 1.02 Arba will be issued to the general public and institutions from 24th Magh.
"NMB Hybrid Fund L-II" is a closed-end fund. Applicants can apply for a minimum of 100 units to a maximum of 1,20,00,000 units.
As of now, NMB Capital is managing two closed-end funds i.e. NMB 50 (NMB50), and NMB Sulav Investment Fund - II (NSIF2), and one open-end fund i.e NMB Saral Bachat Fund - E (NMBSBF) in the market.
