NIBL Sahabhagita Fund closing its public issue today

July 1, 2019 | Investopaper

First open-ended mutual fund NIBL Sahabhagita Fund issued 5 crore units at the par value of Rs. 10 from Jestha 19,2076. The total worth of the scheme is Rs. 50 crores and at the first stage, it issued 1.25 crore unit shares worth Rs. 12.5 crores to the general public.

It is closing its mutual fund scheme to the general public from today i.e. Ashadh 16, 2076. Applications can be placed for a minimum of 100 units to a maximum of 2,50,000 units. If you are interested, then you can apply through any financial institutions providing C-ASBA facilities before banking hour today.

NIBL Ace Capital is the issue manager for NIBL Sahabhagita Fund.

An open-ended mutual fund can issue and redeem the shares at any time. Shares are bought and sold on demand at their NAV. Interested investors can purchase or sell the shares in the fund directly from the fund. There is no need to purchase from existing shareholders.

The shares of an open-ended fund are priced daily based on their day to day Net Asset Value (NAV).


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