Kathmandu. The units of ‘RBB Focus-40’ operating under RBB Mutual Fund are going to be opened for sale from Today.
RBB Merchant Banking, the scheme manager, is going to open the sale of 100 million units of the mutual fund at a face value of Rs 10 billion. Out of the total units, a minimum of 14 million units or a minimum of 14 percent of the total number of units sold have been reserved for the fund promoter Rastriya Banijya Bank and a minimum of 1 million units or a minimum of 1 percent of the total number of units sold have been reserved for the scheme manager RBB Merchant Banking. In the remaining 85 million units, the general public can apply for purchase.
A minimum of 100 to 10 million units can apply for this scheme. The issue of this scheme will be closed at the earliest on September 15 and late on September 15 after the banking time.
This is a 12-year plan. In this, investors can apply through the banks and financial institutions and their branches participating in the C-ASBA service approved by the Securities Board of Nepal as well as ‘My Shares’ of CDSC.
Care Ratings Nepal has given care NP ‘A+’ issuer rating to the fund promoter in the rating made for the issuance of units of this scheme. ICRA Nepal has given ICRA NP AMC ‘Quality 3’ rating to the project manager.
