Kathmandu. Himalayan Life Insurance Company is going to have a mutual fund worth Rs 4 billion to promote its fund.
The scheme manager Himalayan Investment Banker filed an application with the Securities Board of Nepal on August 19 seeking permission to issue units of mutual funds called ‘HLI Large Cap Fund’. The scheme will be operated under The Himalayan Life Insurance Mutual Fund.
Himalayan Investment Banker will issue a total of 400 million units of the scheme at a face value of Rs 10 after the securities board gives its approval. This is a closed plan.
