Banking News – Nabil Investment Banking is set to issue the Nabil Growth Fund starting from Mangsir 9. The scheme, to be operated under Nabil Mutual Fund, will issue 10 crore units equivalent to Rs 1 arab.

Among the total units to be issued, 15 percent, or 1 crore 50 lakh units, have been allocated for the fund promoter Nabil Bank and the scheme manager Nabil Investment Banking. Of this, 1 crore 40 lakh units (14 percent) have been reserved for Nabil Bank and 10 lakh units (1 percent) for Nabil Investment Banking. The remaining 8 crore 50 lakh units will be issued to the general public.

Investors interested in investing in the fund can apply for a minimum of 100 units and a maximum of 1 crore units when submitting applications. Applications for this scheme can be submitted until Mangsir 14. If applications are not received within that period, the issuance period will be extended until Mangsir 23.

Investors interested in purchasing this scheme can apply through banks and financial institutions that have obtained ASBA membership from the Securities Board of Nepal, as well as through Mero Share. The fund promoter of this scheme is Nabil Bank, while Nabil Investment Banking is the scheme manager and issue and sales manager.