Kathmandu. The Securities Board of Nepal (SEBI) has approved the issuance of mutual fund units called ‘RBB Focus-40’.
The Securities Board of India has given permission to scheme manager RBB Merchant Banking to issue units of the mutual fund. This scheme will be operated under RBB Mutual Fund.
Now RBB Merchant will issue a total unit of Rs 1 billion under the scheme. Accordingly, a total of 100 million units will be issued public at a face value of Rs 10.
RBB Focus-40 is a closed-ended scheme.
