KATHMANDU, APRIL 16
Considering the developing capital market of Nepal, growing mutual fund industry and increasing investor trust and participation in the mutual fund, NIBL Samriddhi Fund-II (NIBLSF2) - the fourth mutual fund scheme of Nepal Investment Bank Ltd - has been launched aiming 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 Rs 1.2 billion and maturity period of 10 years, as per a media release.
The fund sponsor and manager will be investing 20 per cent 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 unit-holders over the maturity period by mitigating market risks and it has also projected to provide 21.43 per cent of effective annual returns.
A version of this article appears in the print on April 17, 2021, of The Himalayan Times.