Nabil Investment Banking Limited has published an offer letter to issue the "Nabil Growth Fund" close-ended mutual fund scheme. The issue will open from the 9th Mangsir to 14th Mangsir, 2083. If not fully subscribed by the early closing date, the issue can be extended till Mangsir 23.
Out of 10 crore units, 14%, i.e., 1,40,00,000 units worth Rs. 14 crore, have been allocated to the scheme manager, Nabil Bank Limited, and 1%, i.e., 10,00,000 units worth Rs. 1 crore, have been allocated to the fund sponsor, Nabil Investment Banking Limited. The remaining 8,50,00,000 units worth Rs 85 crore will be issued to the general public and institutions.
"Nabil Growth Fund" is a closed-ended fund. Applicants can apply for a minimum of 100 units to a maximum of 1,00,00,000 units.
