NMB Capital starts issuing units for its new mutual fund scheme

KATHMANDU, FEBRUARY 6 : NMB Capital Limited has officially begun issuing units for its new mutual fund scheme, the 'NMB Hybrid Fund L-2'.

This scheme will be operated under NMB Mutual Fund and follows a closed-end structure with a 10-year tenure. The total issuance will consist of 12 million units, valued at Rs 1.2 billion, with each unit priced at Rs 10.

Out of the total 12 million units, 14% (1.68 million units) will be allocated to the fund promoter, NMB Bank, and 1% (120,000 units) will go to the scheme manager, NMB Capital. The remaining 10.2 million units will be available for public issuance. The unit issuance period is initially set to end on February 10. However, if demand does not meet expectations, the sale may be extended until March 20.

Investors can apply for a minimum of 100 units and a maximum of 12 million units. Applications can be submitted through NMB Capital, participating banks and financial institutions, as well as online via "Mero Share."