The offer letter for the “NMB Saral Bachat Fund – E” has been released by NMB Capital Limited.
The issue will begin on the 17th of Bhadra and end on the 21st of Bhadra, 2078. The deadline can be extended to Bhadra 31 if not subscribed by the early closure date.
The “NMB Saral Bachat Fund – E” is an open-ended mutual fund that will not be traded on the NEPSE exchange. The fund has no set maturity date, and the fund manager can increase the fund’s size as needed.
A total of 10 crore units with a face value of Rs 10 would be issued. The fund promoter NMB Bank will receive 14% of the entire fund amount, while NMB Capital will receive 1%. Investors can apply for as few as 100 units and as many as 40 lakh.