Kathmandu. Units of ‘NMB Hybrid Fund L-2’, operated under NMB Mutual Fund, have been opened for sale from today, Magh 24.
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-point rate 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 made through banks and financial institutions participating in ASVA service, branches designated by them, scheme manager NMB Capital and CDSC’s Mero Share.
The issuance of this scheme will be done on Magh 28 at the earliest and Falgun 8 at the latest after banking hours. The Nepal Securities Board had granted issuance permission for this closed-end scheme on Poush 2.
