SEBON Approves Additional 10 Crore Units of NMB Capital's Open-end Fund 'NMB Saral Bachat Fund-E'

The Securities Board of Nepal (SEBON) has approved the additional units of NMB Capital's open-end mutual fund scheme 'NMB Saral Bachat Fund-E' on Baisakh 19, 2080.

"NMB Saral Bachat Fund-E" is an open-end fund meaning it won't be traded in NEPSE. The fund has no maturity period, and the fund manager can add to the size of the mutual fund whenever needed.

Earlier, NMB Capital had issued 40% or 4 crore units of the total 10 crore units i.e. Rs. 1 Arba in the first phase. Of which 14% or 1.4 crore units were allocated for the fund promoter NMB Bank and 1% for NMB Capital. Thus, only 2.5 crore units were open for public issues in that initial phase. The size of the fund as of Chaitra's end is Rs. 88.24 Crores.

Now, the fund will be issuing additional 10 crore units that equate to Rs. 1 Arba.