Falgun 8 (February 20, 2025) is the final deadline for investors to apply for units of NMB Hybrid Fund L-II, a closed-end mutual fund managed by NMB Capital Limited. The initial deadline of Magh 24, 2080, was extended due to insufficient applications. Below are the key details of the fund and the application process.
Fund Overview
- Fund Type: Closed-end mutual fund.
- Total Units Issued: 12 crore unit shares
- 1% (12 lakh units): Allocated to the scheme manager (NMB Capital Limited).
- 14% (1.68 crore units): Allocated to the fund sponsor (NMB Bank Limited).
- Remaining 10.20 crore units: Open for the general public and institutions.
- Face Value: Rs. 10 per unit.
- Application Deadline: Falgun 8, 2081 (February 20, 2025).
Application Details
- Minimum Application: 100 units.
- Maximum Application: 1.20 crore units.
- How to Apply:
- ASBA Member Banks and Financial Institutions: Submit applications through SEBON-approved banks and financial institutions.
- Online Application: Use the Mero Share platform provided by CDS and Clearing Limited.
- Designated Branch Offices: Visit NMB Capital Limited’s designated branches for assistance.
Credit Ratings
- Fund Promoter (NMB Bank Limited): [ICRANP-IR] A-
- Scheme Manager (NMB Capital Limited): [ICRANP] AMC Quality 2
These ratings reflect a strong level of confidence in the fund’s management quality.
About NMB Capital Limited
NMB Capital currently manages three mutual funds:
- Closed-End Funds:
- NMB 50 (NMB50)
- NMB Sulav Investment Fund – II (NSIF2)
- Open-End Fund:
- NMB Saral Bachat Fund – E (NMBSBF)
How to Apply?
Investors can apply for the fund’s units through:
- ASBA Member Banks and Financial Institutions: Approved by the Securities Board of Nepal (SEBON).
- Designated Branch Offices: Of NMB Capital Limited.
- Online Platform: Via CDS and Clearing Limited’s ‘Mero Share’ platform.
What This Means for Investors
- Investment Opportunity: NMB Hybrid Fund L-II offers a chance to invest in a professionally managed closed-end mutual fund.
- Diversification: The fund’s hybrid nature allows for a balanced portfolio of equity and debt instruments.
- Trusted Management: With strong credit ratings for both the fund promoter and scheme manager, investors can expect reliable management and oversight.
Conclusion
NMB Hybrid Fund L-II is a promising investment opportunity for those looking to diversify their portfolios through a closed-end mutual fund. With the application deadline extended to Falgun 8, 2081 (February 20, 2025), investors are encouraged to apply through ASBA-approved banks, Mero Share, or designated branch offices. Don’t miss this chance to invest in a fund backed by the strong reputation of NMB Capital Limited and NMB Bank Limited!