KATHMANDU, APRIL 12NIMB Ace Capital Limited has credited previously pending units of the NIBL Sahabhagita Fund to the MeroShare accounts of unitholders.The company said the update follows regulatory approval related to revised seed capital requirements issued by the Securities Board of Nepal.Investors have been requested to verify their holdings through their MeroShare accounts.The NIBL Sahabhagita Fund, launched in 2019, is Nepal's first open-ended mutual fund scheme. It invests in a mix of equity, equity-related instruments and fixed-income securities.The fund has an approved size of Rs 10 billion, making it the largest among the country's open-ended mutual funds. Unlike closed-ended funds, it is not listed on NEPSE and allows direct subscription and redemption through the fund manager.NIMB Ace Capital apologised for delays and said it remains committed to improving service delivery.
