Fourth NIBL mutual fund scheme launched
Considering the developing capital market of Nepal, growing mutual fund industry and increasing investor trust and participation in the mutual fund, NIBL Samriddhi FundII (NIBLSF2) the fourth mutual fund scheme has been launched and the final approval from SEBON aming to to carry forward the trust and legacy built by its first scheme NIBSF-I among the investors. NIBLSF2 is a Closed End Mutual Fund Scheme with corpus size of NPR. 1.2 Billion andmaturity period of 10 years.
The Fund Sponsor & Manager will be investing 20 of corpus size as seed capital in the scheme. The units of NIBLSF2 will be listed and traded in Nepal Stock Exchange Ltd. (NEPSE). The primary objective of the scheme is to provide steady returns to its unitholders over the maturity period by mitigating market risks and it has also projected to provide 21.43 of effective annual returns. As a Fund Manager NIBL
Ace Capital Ltd. has been following disciplined and process oriented investment approach to create value to its unitholders. NIBL Samriddhi Fund-II will replicate NIBL Samriddhi Fund-I and its balanced and steady growth feature in the days to come.
Two Closed End and one Open Ended Mutual Fund Schemes are operating under “NIBL Mutual Fund”. NIBL Samriddhi Fund-I, NIBL Mutual Fund’s first scheme, will mature on Poush 22, 2078
B.S. after 7 years of successful operation. It has distributed total cash dividends of 63.5 to its unit-holders till now. As a pioneer move NIBL Mutual Fund has launched NIBL Sahabhagita Fund, the first open ended mutual fund in Nepal after Mutual Fund Regulation 2067.
Nepal Investment Bank Ltd. (NIBL)- truly a Nepali Bank, with more than 35 years of successful operation and one of the leading banks of Nepal, has registered “NIBL Mutual Fund” as fund sponsor in Securities Board of Nepal (SEBON) with an objective to operate different mutual fund schemes in Nepalese capital market. NIBL Ace Capital Ltd. the Fund Manager and Depository of “NIBL Mutual Fund”, is a wholly owned subsidiary company of NIBL and is licensed by SEBON as Merchant Banker with more than 9 years of successful operation. NIBL Ace Capital Ltd. is also one of the leading Merchant and Investment Banker.