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RBB Merchant banking issues RBB Mutual Fund 1

 Rastriya Banijya Bank Limited is issuing 10 crore units "RBB Mutual Fund 1" from today. The issue will open today, i.e. 23rd Ashar, and conclude on 27th Ashar, 2078. If not subscribed by the early closing date, the deadline can be extended till Shrawan 06.


13% of the total 10 crore units are allocated for the fund promoter Rastriya Banijya Bank and 2% for fund manager RBB Merchant Bank Ltd. The remaining 8.5 crore will be subscribed via the public issue.

About Fund Sponsor (Rastriya Banijya Bank Limited)

Rastriya Banijya Bank Limited-established on January 23, 1966-a synonymous of stable and people's bank in Nepal-is one of the pioneer Bank in the country with the history of more than half century. Earlier constituted under RBB act 2021 with the full ownership of the government of Nepal, the Bank has been running under Bank and Financial Institute Act (BAFIA) and Company Act (CA) 2063 at present. The Bank licensed by NRB as an 'A' class commercial Bank of the country, has grown up as an indispensable component of the Nepalese economy. Care Rating Nepal Limited had rated

CARE-NP-A+ (Is) denoted low credit risk.

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"RBB Mutual Fund 1" is a closed-end fund, meaning it can be traded in the secondary market. The fund has a maturity period of 7 years. Each unit has a par value of Rs. 10. The application can be submitted for a minimum of 100 units to a maximum of 1 crore units.

The mutual fund will be managed by Dr. Dilli Raj Sharma, C.A. Prakash Jung Thapa, Dr. Khomraj Kharel, Mr. Durga Raj Regmi, Mr. Sanu Raj Pokharel, as the fund supervisors. The fund manager will classify companies based on their fundamentals and technical status. The investment decision is then made on the company grading policy developed by the fund manager. The fund manager has stated that the investment shortlist will be prepared based on the companies' financial health, company management. business nature, and corporate governance.

RBB Merchant Bank Ltd. itself is the issue manager. The regulatory board SEBON approved the proposal on Ashad 10.

Fund Management and Depository (RBB Merchant Banking Limited)


RBB Merchant Banking Limited, A Subsidiary Company of Rastriya Banijya Bank Limited with 100 percent equity holding. RBB Merchant Banking Limited (RBBMBL) was incorporated as per the Company Act, 2063 in January 29, 2016 and was granted Merchant Banking operating license (As per the Merchant Banker Regulation 2064) by the Securities Board of Nepal (SEBON) in June 11, 2017. The strength of our parent company, coupled with our huge network and experience will hopefully act as the premier and trusted provider of customer-centric and innovation-driven investment banking services in Nepal. ICRA Nepal Limited had rated ICRANP AMC Quality 3 (AMC3) denotes adequate assurance on fund management quality

Degree of Risk and Projected Return of RBB Mutual Fund 1

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