Kathmandu. Kathmandu: The deadline for applying for the purchase of units of HLI Large Cap Fund operated under Himalayan Life Insurance Mutual Fund has been extended.
Himalayan Investment Banker, a subsidiary of Himalayan Life Insurance, had opened the sale of units of the scheme from September 1. The deadline to apply for the project was September 15. However, the issue period has been extended till September 15 as the application was not received as per the demand.
Of the 400 million units worth Rs 4 billion at a face value of Rs 10, 50 per cent i.e. 2 million units worth Rs 2 billion have been reserved for the fund promoter Himalayan Life Insurance and the remaining 200 million units worth a minimum of Rs 2 billion have been issued to the general public.
Under this scheme, investors can apply for a minimum of 100 units and a maximum of 40 million units. The duration of the scheme is 10 years from the date of allotment of units.
For the purchase of units of this scheme, banks and financial institutions participating in asba service approved by the Securities Board of Nepal and their branch offices as well as my shares of CDSC can be applied.
