Enthusiastic participation in ‘NIBL Growth Fund’, more than 1 billion 32 crore applications received
More than 1 billion 32 crore in applications were received in the 'NIBL Growth Fund,' which was closed yesterday after the application period began on Dec 22.
KATHMANDU: More than 1 billion 320 million has been applied for the fifth scheme, the ‘NIBL Growth Fund,’ which is run under the ‘NIBL Mutual Fund,’ with Nepal Investment Bank Limited as the fund promoter and NIBL Ace Capital Limited as the scheme manager and depository.
More than 1 billion 32 crore in applications were received in the ‘NIBL Growth Fund,’ which was closed yesterday after the application period began on Dec 22.
During the public offering period, 45,833 people applied for the purchase of units in this scheme worth more than 1 billion 320 million from various organizations and ordinary investors.
Despite the current liquidity situation and the slowdown in overall economic and capital market activities, the scheme has seen enthusiastic participation from common investors, which was not seen previously in some of the recently launched fund schemes, owing to the fact that the schemes currently operating under the ‘NIBL Mutual Fund’ are constantly offering their unit holders. Due to the high returns provided by this fund, investors have high confidence in its schemes.
The scheme manager has informed that for a period of ten years, the units of this ‘NIBL Growth Fund’ can be listed on the Nepal Stock Exchange and traded in the secondary market.
