NIBL Samriddhi Fund – II

At NIBL 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 Samriddhi Fund - II
Investment Objective To generate returns by investing in a mix of securities comprising of equity, equity related instruments & fixed income instruments as allowed by prevailing rules/regulations on mutual fund.
Corpus NPR 1.2 Billion Corpus amount may reach a maximum up to NPR 1.5 Billion (25% more) if oversubscribed as allowed by prevailing regulation on mutual fund.
New Fund Offer (NFO) Par Value NPR 10.00
NFO Unit 120,000,000 Units
Minimum Unit to apply 100 Units
Maximum Unit to apply 10% of Issue Size
Issue Open Date As per prospectus
Approval Date 03/01/2078 BS (16/04/2021 AD)
Allotment Date 24/01/2078 BS (07/05/2021 AD)
Maturity 10 Years from the date of allotment of units
Maturity Date 23/01/2088 BS (07/05/2031 AD)
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.
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:

  1. Securities that are registered with SEBON
  2. Securities called for public offering
  3. Securities that are listed in Stock Exchange
  4. 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
  5. Bank deposits
  6. Money Market instruments
  7. Other areas prescribed by SEBON

Fund Sponsor

Nepal Investment Bank Limited
Corporate Office: Durbar Marg, Kathmandu, Nepal

Fund Manager & Depository

NIBL Ace Capital Limited
(Wholly owned subsidiary of Nepal Investment Bank Ltd.)
Head Office: Uttar Dhoka, Lazimpat, Kathmandu, Nepal

Fund Supervisors

The Fund Sponsor has appointed the following prominent professionals as the Fund Supervisors of NIBL Mutual Fund.

  1. Dr. Bimal Prasad Koirala
  2. Dr. Shambhu Ram Simkhada
  3. Dr. Durgesh Man Singh
  4. CA. Jitendra Bahadur Rajbhandary
  5.  Mr. Raju Nepal

For More Info

To know more about the Samriddhi Fund – II, please fill in this form or call us at following numbers.

  +977 1 4425280
Ext no.: 432 & 411