NIBL Stable Fund's 100 million units distributed

KATHMANDU: The NIBL Stable Fund, a closed-end scheme under the NIBL Mutual Fund, managed by NIMB Ace Capital and funded by Nepal Investment Mega Bank, distributed its units today.

The issuance and sale of the NIBL Stable Fund's 100 million units, each with a face value of Rs 10 and totalling Rs 1 billion, were open for application from January 16 to 30, 2024.

Applications received during this period were screened, and the issued units were distributed to the successful applicants at 9:00 am today. 

The distribution and sale of the units were overseen by NMB Ace Capital, located in Lazimpat, Kathmandu.