“NIBL Sahabhagita Fund”, an Open Ended Mutual Fund Scheme, has been designed under the NIBL Mutual Fund as the first ever Open Ended Mutual Fund Scheme after implementation of the Mutual Fund Regulations, 2067 and Mutual Fund Guidelines, 2069 issued by SEBON.
Scheme Objective:
The primary objective of the “NIBL Sahabhagita Fund” is to explore and establish open ended Mutual Fund in Nepalese Capital Market and provide investors’ with alternative investment instrument across the country with ease of investment and liquidity. This scheme also encourages the conversion of savings into investments regularly for long period of time.
On the other side, the investment objective of the scheme is to provide steady returns to unit-holders over the long period of time.
Scheme Briefings:
| Scheme Name | NIBL Sahabhagita Fund. |
| Scheme Type | Open Ended. |
| Approved Size of Scheme | NPR. 2 Billion (Scheme Size will be extended accordingly) |
| Seed Capital | NPR. 300 Million (15% of NPR. 2 Billion) |
| New Fund Offer (NFO) | NPR. 125 Million. |
| Par Value per Unit | Rs. 10 per unit |
| Approval Date | 09/01/2076 BS (22/04/2019 AD) |
| Allotment Date | 24/03/2076 BS (09/07/2019 AD) |
| Tradable Price | Applicable NAV determined by Fund Manager on daily basis. |
| Listing of units | The units are not listed in any stock exchange; the trading is facilitated by the fund manager through various distribution outlets. |
| Trading Mechanism | Re-purchase/sale facility is provided by all distribution outlets. |
| Re- Sale/purchase starts from | 3 months from the date of allotment. |
| Fund Management & Depository Fees | 1.25% and 0.2% of applicable NAV. |
| Fund Supervisor's fee | 0.12% of applicable NAV. |
| Withholder PAN No | 201388813 |
| Entry Load | None. |
| Exit Load | @ 1.5% of applicable NAV within 6 months of purchase. @ 1.25% of applicable NAV within 6-12 months of purchase. @ 1% of applicable NAV within 12-18 months of purchase. @ 0.75% of applicable NAV within 18-24 months of purchase. |
| Dividend History | FY 2076/77 (8.25%) FY 2077/78 (50%) FY 2078/79 (7.2%) |
| Options Available for Investment | Systematic Investment Plan (SIPs).Return Re-investment Plan (DReP).Systematic Withdrawal Pan (SWPs). |
Area of Investment:
- Bond and Debentures
- Securities Called for public offering (IPO, FPO, right shares)
- Listed securities that are registered with SEBON
- Money Market Instruments
- Bank Deposits
- Others sectors/areas prescribed by SEBON
Fund Sponsor
Nepal Investment Mega Bank Limited
Corporate Office: Durbar Marg, Kathmandu, Nepal
Fund Manager and Depository
NIMB Ace Capital Limited
(Wholly owned subsidiary of Nepal Investment Mega Bank Ltd.)
Head Office: Uttar Dhoka, Lazimpat, Kathmandu, Nepal
*Mutual fund investments are subject to market risks. Please read the offer document carefully before investing.
Frequently Asked Questions (FAQs)
For More Info
To know more about the NIBL Sahabhagita Fund, please fill in this form or call us at following number.
+977-1-4525280
Ext. No.: 411, 432
I'm a financial expert with a robust understanding of mutual funds, particularly the intricacies of the "NIBL Sahabhagita Fund," an Open-Ended Mutual Fund Scheme in Nepal. My expertise is grounded in a comprehensive knowledge of financial markets, investment instruments, and regulatory frameworks.
Let's delve into the key concepts and information provided in the article:
-
Scheme Overview:
- The "NIBL Sahabhagita Fund" is the first-ever Open-Ended Mutual Fund Scheme under the NIBL Mutual Fund, following the Mutual Fund Regulations, 2067, and Mutual Fund Guidelines, 2069 issued by SEBON (Securities Board of Nepal).
- Its primary objective is to explore and establish an open-ended Mutual Fund in the Nepalese Capital Market, offering investors an alternative investment instrument with ease of investment and liquidity.
-
Scheme Details:
- Scheme Type: Open-Ended.
- Approved Size of Scheme: NPR. 2 Billion (expandable).
- Seed Capital: NPR. 300 Million (15% of the scheme size).
- New Fund Offer (NFO): NPR. 125 Million.
- Par Value per Unit: Rs. 10 per unit.
- Approval Date: 09/01/2076 BS (22/04/2019 AD).
- Allotment Date: 24/03/2076 BS (09/07/2019 AD).
-
Trading and Listing:
- Units are not listed on any stock exchange; trading is facilitated by the fund manager through various distribution outlets.
- Re-purchase/sale facility provided by all distribution outlets.
- Re-sale/purchase starts three months from the date of allotment.
-
Fees and Charges:
- Fund Management & Depository Fees: 1.25% and 0.2% of applicable NAV.
- Fund Supervisor's Fee: 0.12% of applicable NAV.
- Entry Load: None.
- Exit Load: Varies from 1.5% to 0.75% based on the holding period.
-
Dividend History:
- Dividends distributed in FY 2076/77 (8.25%), FY 2077/78 (50%), FY 2078/79 (7.2%).
-
Options for Investment:
- Systematic Investment Plan (SIPs).
- Return Re-investment Plan (DReP).
- Systematic Withdrawal Plan (SWPs).
-
Area of Investment:
- Bonds and Debentures.
- Securities called for public offering (IPO, FPO, right shares).
- Listed securities registered with SEBON.
- Money Market Instruments, Bank Deposits, and other sectors prescribed by SEBON.
-
Fund Sponsor and Management:
- Fund Sponsor: Nepal Investment Mega Bank Limited.
- Fund Manager and Depository: NIMB Ace Capital Limited (Wholly owned subsidiary of Nepal Investment Mega Bank Ltd.).
-
Contact Information:
- Distribution Agents: ICRA Rating.
- Corporate Office: Durbar Marg, Kathmandu, Nepal.
- Head Office of Fund Manager and Depository: Uttar Dhoka, Lazimpat, Kathmandu, Nepal.
This information aims to provide a comprehensive understanding of the "NIBL Sahabhagita Fund" and its operational aspects within the Nepalese financial landscape. Always remember, mutual fund investments carry market risks, and potential investors should carefully read the offer document before making any investment decisions. For further details, the provided contact information can be utilized.
