Himalayan Investment Banker to Launch its First Mutual Fund Scheme ‘HLI Large Cap Fund’
July 29, 2025 | Investopaper
Himalayan Investment Banker Limited is in the process of launching a new mutual fund scheme named “HLI Large Cap Fund”. For this purpose, the fund manager has submitted the application to the Securities Board of Nepal (SEBON) on Shrawan 11, 2082 BS seeking permission to sell the units to the public.
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The close-ended scheme “HLI Large Cap Fund” will operate under “Himalayan Life Insurance Mutual Fund “. The fund manager is planning to issue 40 crores units at a par value of Rs. 10. Hence, the total issue amounts to Rs. 400 crores.
Only after the permission from the regulatory body SEBON, the mutual fund scheme will be floated to the general public.
Out of the total public issue, 15 percent or 6 crore units of the fund will be purchased by Himalayan Life Insurance Limited, the promoter of the mutual fund and Himalayan Investment Banker Limited, the fund manager of the scheme.
After the allotment of the scheme, it will be listed and traded on the Nepal stock exchange.
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