KATHMANDU, Sept 9: Nabil Mutual Fund (NMF) has announced its second scheme named 'Nabil Equity Fund (NEF)'.

Issuing a statement, Nabil Investment Banking Ltd said that the close-ended scheme has a maturity period of 7 years and corpus amount of Rs 1 billion.

NMF is a registered fund of the Nabil Investment Banking -- a subsidiary of Nabil Bank Ltd.

According to the statement, the issue will be opened for subscription on September 18 with an early closure option of September 22 in case of over-subscription.

People can invest a minimum of Rs 1,000 and a maximum of Rs 100 million, the statement added.

The first scheme of NMF, NBF I, has a net asset value of Rs 29.45 as of September 2 and is trading at Rs 25 per unit as of September 7.

It paid 14 percent cash dividend each in last two fiscal years, according to the statement.

 
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• sept 18