NIBL Sahabhagita Fund, managed by NIBL Ace Capital Limited and sponsored by Nepal Investment Bank Limited is floating its public issue of 1.25 crore units Open End Mutual Fund Scheme worth Rs 12.50 crore from Jestha 19, 2076.The closing date of this mutual fund issue is on Jestha 22, 2076 at earliest and Ashad 16, 2076 at late. NIBL Sahabhagita Fund is a first Open Ended Mutual Fund Scheme after the implementation of Mutual Fund Regulation, 2067 by Securities Board of Nepal (SEBON). This fund is not tradable at Nepal Stock Exchange like other close ended fund and has no fixed maturity period and can be bought/sold directly from/to fund sponsor or fund manager. It is the third mutual fund scheme of NIBL Ace Capital Limited. The fund size of NIBL Sahabhagita fund will be maximum 5 crore units worth Rs 50 crore at face value of Rs 10 per unit. Initially at first stage, the fund will be issuing only 1.25 crore units worth Rs 12.5 crore to general public and 15% of total fund i.e. 75 lakhs units worth Rs 7.5 crore is reserved to fund sponsor Nepal Investment Bank Limited and fund manager/supervisor NIBL ACE Capital Limited as a seed capital. Interested people must apply for a minimum of 100 units and they can apply for maximum 2.5 lakh units through ASBA-approved banks.