The “NIBL Growth Fund” Mutual Fund Scheme’s public offering of 16 crore units is closing today.
A closed-end mutual fund scheme called the “NIBL Growth Fund (NGF)” is being closed by NIBL Ace Capital Limited as of today, or the 21st of Push 2079. The issue began on the 7th Poush of 2079, and it was intended to be resolved on the 12th Poush. But because there weren’t enough applications, the issue was postponed until today.
At a par value of Rs. 10 per share, 16 crore unit shares are being issued. 1% of the total units, or 16 lakh units, have been given to the fund management NIBL Ace Capital Limited, while 19% of the entire units, or 3.04 crore units, valued 30.4 crores of rupees, have been allotted to the fund promoter Nepal Investment Bank Limited.
Therefore, the 12.80 crore units that are left are for public offering. Being a closed-ended vehicle, the “NIBL Growth Fund” is tradable on NEPSE. Ten years will pass until the fund matures. Applicants may submit applications for as few as 100 units and as many as 1.6 crore units. Two closed-end funds, NIBL Pragati Fund (NIBLPF) and NIBL Samriddhi Fund – 2 (NIBSF2), as well as one open-end fund, NIBL Sahabhagita Fund (NIBLSF), are currently managed by NIBL Ace Capital.
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