Kathmandu. Today is the last day to purchase units of ‘NMB Hybrid Fund L-2’ operated under NMB Mutual Fund.
The units of this scheme were opened for sale from last Magh 24. Purchase applications can be submitted until banking hours today.
A total of 1.2 billion rupees worth of units of this scheme have been opened for sale. Accordingly, a total of 120 million units of 10 face value have been issued to the public.
Out of the total units, 16.8 million units, which is 14 percent, have been allocated to the fund promoter NMB Bank and 1.2 million units, which is 1 percent, have been allocated to the scheme manager NMB Capital. The general public will be able to apply for the remaining 102 million units.
Investors can apply for a minimum of 100 units and a maximum of 12 million units in this mutual fund. Applications can be submitted through banks and financial institutions participating in ASVA service licensed by the Nepal Securities Board, their designated branches, scheme manager NMB Capital and CDSC’s Mero Share.
The Nepal Securities Board granted permission to issue this closed-end scheme on 20th Poush.
