Nabil Balance Fund II issuing 12 crore units mutual fund scheme from today

April 18, 2019 | Investopaper

Nabil Balance Fund II is making an issue of 12 crore units ordinary shares worth Rs. 1.2 arba from Baisakh 5, 2075 i.e. today under the mutual fund scheme. It is a 10-year closed-end fund and the third mutual fund scheme managed by Nabil Investment Banking. The face value of a share is Rs. 10.

The issue will close on Baisakh 9, 2076, if all the units issued, get subscribed. Otherwise, the closing date will be extended.

It will be managed by Nabil Investment Banking and sponsored by Nabil Bank Limited.

Interested investors can apply for a minimum of 100 units of share while the maximum application can be made for up to 1.2 crore units.

As per the current mutual fund regulation, 15% of the total issue will be reserved for the fund manager and fund sponsor. So, the general public will get a share out of 10.20 crore units issued to them.

At current Nabil Investment Banking is managing Nabil Equity Fund (NEF) with total listed shares of 12.5 crores. The earlier Nabil Balanced Fund-1 has already matured after 5 years of operation.


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