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Nabil Investment Banking Limited issues mutual fund Nabil Balanced Fund 3

Mutual funds have announced mouth watering returns to its investor from its profit this fiscal year. The maximum dividend provided by some of the mutual funds were 50%. That is surely some sort of return we want in our investment. If you want to minimize your investment and want to earn some dividends hassle free, then Mutual funds is the best form of investment you can go for. A lot of mutual funds are issued and listed on NEPSE and Nabil Investment Banking- a subsidary of Nabil Bank has come up with a closed end mutual fund - Nabil Balanced Fund - 3.


Nabil Investment Banking Limited is about to launch its new mutual fund scheme named-'Nabil Balance Fund III'.The fund manager is going to sell the units of the scheme in the public offering (IPO). The IPO issue will open from Bhadra 25, 2078 BS. Interested investors can submit the application for the purchase of units until Bhadra 29, 2078 BS. However, if the offering remains under-subscribed until that period, the deadline for application will extend to Ashwin 8, 2078 BS.

Nabil Investment Banking Limited has published an offer letter to issue the "Nabil Balanced Fund III." Nabil Balanced Fund III is a close-ended fund, meaning it will be traded in NEPSE. The fund has a maturity period of 10 years. The fund has 10 crore units at a par value of Rs 10 per unit. 14% of the fund is allocated to fund promoter Nabil Bank and 1% to fund manager Nabil Invest. The remaining 8.5 crores will be open for the public issue.

Interested investors can apply for a minimum of 100 units to a maximum of 1 crore units.


Why You need to apply for every IPO?

The company had already received the approval from the regulatory body for the purpose of collecting funds from the general public by selling its units. Securities Board Of Nepal (SEBON) had provided the approval on Shrawan 29, 2078 BS.

 The fund manager Nabil Investment Banking plans to sell 10 crore units of the scheme at a par value of Rs 10 per unit. Hence, the total issue size amounts to Rs 1 Arba. The scheme will be operated under 'Nabil Mutual Fund'. Nabil Bank is the promoter company of the Nabil Mutual Fund. Hence, the bank will purchase 14 percent or 1.4 crore units of the scheme as the seed capital. Likewise, the fund manager Nabil Investment Bank will invest 1 percent or 10 lakh units. The general public can apply for the remaining 8.5 crore units worth Rs 85 crores. One can submit the application for a minimum of 100 units and a maximum of 1 crore units.

'Nabil Balance Fund III' is a closed ended mutual fund scheme. It will be listed and traded in Nepal Stock Exchange(NEPSE) after the allocation of the units. Investing in a mutual fund can be a good strategy for most investors as it offers decent returns at a low level of risk. Mutual funds are managed by professional experts and provide wide diversification.

Previous Issued Mutual Funds:

Mega Capital issues Mega Mutual Fund 1

RBB merchant Banking issues RBB Mutual Fund 1

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