NMB Capital opens subscription for NMB Hybrid Fund L2

KATHMANDU: NMB Capital has announced the opening of the subscription and sale for the NMB Hybrid Fund L2 collective investment scheme, effective from Magh 24.

Applications for unit purchases can be submitted until Falgun 8.

The fund has launched 12 million units, with a face value of Rs 10 per unit, totaling Rs 1.2 billion in sales.

Operating under NMB Capital’s mutual fund, NMB Hybrid Fund L2 is a closed-end scheme with a 10-year tenure. As a hybrid fund, it generally carries lower risk compared to equity funds.

The fund allows applications ranging from a minimum of Rs 1,000 (100 units) to a maximum of Rs 12 million (1.2 million units), with each unit priced at Rs 10.

Out of the total 12 million units, 1.68 million units (14%) have been allocated to the fund promoter, NMB Bank, while 120,000 units (1%) have been secured for the scheme manager.

The remaining 10.2 million units are available for the general public. Applications have already been received for 10.15 million units from individual and institutional investors.

In the credit rating process, ICRA Nepal has assigned an [ICRANP-IR] A- rating to the fund promoter and an [ICRANP] AMC Quality 2 rating to the scheme manager, reflecting high trust in the manager’s capabilities.

Investors can submit applications through accredited banks and financial institutions, or via online channels through CDS and Clearing Limited’s ‘Mero Share’.