KATHMANDU: Sindhu Bikash Bank has been appointed distributor (agent) of 'NIBL Sahabhagita Fund' — Nepal's first open-ended scheme. The appointment has been made in accordance with the collective investment fund regulations and the guidelines under it.
Nepal Investment Mega Bank Ltd (NIMBL), with 36th years of successful operations and one of the leading banks of Nepal, had registered ‘NIBL Mutual Fund’ as a Fund Sponsor in the Securities Board of Nepal (SEBON) with an objective to diverse Mutual Fund Schemes in Nepali Capital Market. The 'NIBL Sahabhagita Fund' operated under NIBL Mutual Fund was launched in 2019 with a total size of Rs 200 million.
NIBL Ace Capital Deputy General Manager Sachindra Dhungana and Sindhu Bikash Bank CEO Ram Kumar Giri signed an agreement regarding the Sindhu Bikash Bank's appointment as distributor (agent) of 'NIBL Sahabhagita Fund'. This agreement has been made to make purchasing and selling units of 'NIBL Sahabhagita Fund' more convenient and systematic.
The transactions of the units of the 'NIBL Sahabhagita Fund' are being carried out through the electronic system of all the branches of the scheme manager NIBL Ace Capital, designated branches of Nepal Investment Bank, Muktinath Bikas Bank, Goodwill Finance, NIBL Ace Capital's website.
Also, considering the developing capital market of Nepal, the growing mutual fund industry and increasing investors in mutual funds, NIBL Sahabhagita Fund, operated under NIBL mutual fund for more than three years, has already provided 8.25% cash dividend to its unit holders in the first fiscal year of operation, and 50% and 7.20% in the second and third FY respectively.
Investors can use NIBL's e-banking service, eSewa, Khalti, Connect IPS and Thaili for payment. Investors can register to invest in this scheme through a systematic investment plan and regularly invest a predetermined amount at a predetermined time.
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Published Date: April 11, 2023, 12:00 am
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