Increase in size of NIBL Ace ​​Participation Fund

KATHMANDU: The size of the open-source scheme called ‘NIBL Participation Fund’ operated under NIBL ​​Mutual Fund, which is the fund promoter of Nepal Investment Bank Limited and the scheme manager of NIBL Ace Capital Limited, has been increased.

The size mentioned in the previously approved statement booklet is Rs. 500 million, i.e. 50 million units. As per the approval received from the Nepal Securities Board, the size of the fund has been increased to Rs. 1 billion or 100 million units have been established.

The business of the plan units can be done through all the branch offices of the plan manager, designated distributor’s offices and online.