NIBL Stable Fund
At NIMB Ace Capital we intend to follow a disciplined and process oriented investment approach for mutual fund to help investors achieve their financial goals.
Features
| Nature of the Scheme | Closed End Fund |
| Fund Name | NIBL Mutual Fund |
| Scheme Name | NIBL Stable Fund |
| Investment Objective | To generate moderate steady returns by investing in different financial instruments with concentrating on debt instruments as allowed by prevailing rules/regulations on mutual fund. |
| Corpus | NPR 1 Billion Corpus amount may reach a maximum up to NPR 1.25 Billion (25% more) if oversubscribed as allowed by prevailing regulation on mutual fund. |
| New Fund Offer (NFO) Par Value | NPR 10.00 |
| Seed Capital | 14% of Scheme Size by Fund Sponsor i.e. 1,40,00,000 Units 1% of Scheme Size by Fund Manager i.e. 10,00,000 Units |
| NFO Unit | 8,50,00,000 Units |
| Minimum Unit to apply | 100 Units |
| Maximum Unit to apply | 10% of Issue Size |
| Issue Open Date | As per prospectus |
| Maturity | 12 Years from the date of allotment of units |
| Allotment of Units | The Units will be allotted as per Securities Issues and Allotment Directive 2074 |
| Dividend Payout Strategy | The cash dividend will be pay out from the realized profits in proportion to investments made, retained earnings. |
| Listing | The Units will be listed in Nepal Stock Exchange Ltd. (NEPSE) for trading until the maturity of the scheme. |
| Entry Load | None |
| Fund Supervisors Fees | 0.12% of Net Asset Value (NAV) |
| Fund Management Fees | 1.5% of Net Asset Value (NAV) |
| Depository Fees | 0.2% of Net Asset Value (NAV) |
Areas of Investments
Section 8, Clause 34 (1) of prevailing Mutual Fund Regulation allows the following assets class for investment:
- Securities that are registered with SEBON
- Securities called for public offering
- Securities that are listed in Stock Exchange
- Debentures, Treasure Bills and other instruments of money market issued by Government of Nepal or Government
Agencies receiving full guarantee or protection of Government of Nepal or NRB - Bank deposits
- Money Market instruments
- Other areas prescribed by SEBON
Fund Sponsor
Nepal Investment Bank Ltd., an “A” class commercial bank, has obtained license of Fund Sponsor in a Mutual Fund from
SEBON and registered NIBL Mutual Fund. Currently, two Close-end and one Open-ended mutual fund schemes are operating
under NIBL Mutual Fund in Nepal.
Fund Manager & Depository
NIBL Ace Capital Ltd. (Fund Manager), a wholly owned subsidiary of Nepal Investment Bank Ltd., has obtained licenses of Fund Manager and Depository in a mutual fund from SEBON and will be rendering the said services to the schemes under NIBL Mutual Fund. NIBL Ace Capital has successfully managed one Closed-end scheme i.e. NIBL Samriddhi Fund-I for 7 Years and redeemed with 18% annual average return. Currently, the NIBL Ace Capital is managing the two Closed-end schemes i.e. NIBL Pragati Fund and NIBL Samriddhi Fund-II. In addition, the NIBL Ace Capital has launched and is managing the first Open Ended Mutual Fund Scheme in Nepal under NIBL Mutual Fund i.e. NIBL Sahabhagita Fund.
Fund Supervisors
Nepal Investment Bank Ltd. as the Sponsor of NIBL Mutual Fund has appointed the following prominent professionals as the
Fund Supervisors.
- Dr. Bimal Prasad Koirala
- Dr. Shambhu Ram Simkhada
- Dr. Durgesh Man Singh
- CA. Jitendra Bahadur Rajbhandary
- Mr. Raju Nepal
For More Info
To know more about the NIBL Growth Fund, please fill in this form or call us at following numbers.
+977-1-4525280
Ext no.: 432 & 411
