Apply for NIBL’s NI 31 Mutual Fund: Deadline Today (Bhadra 3)

Nabil Investment Banking Limited’s NI 31 Mutual Fund Scheme has reached its final application day today (Bhadra 3).

The fund has issued 15 million units at a face value of NPR 10 per unit, amounting to NPR 150 million. Out of this, 15% (3.75 million units) have been reserved for the fund manager, while the remaining 11.25 million units have been offered to the general public.

Investors can apply for a minimum of 100 units and up to a maximum of 2.5 million units. The scheme requires at least 50% subscription (7.5 million units) during the application period and the extended window approved by the board. If not met, the scheme will be canceled and investors’ money will be refunded within 15 days.

Applications can be submitted through all ASBA-approved banks and financial institutions, as well as via Mero Share web and mobile app. The fund has been rated ICRA NP Issuer Rating [ICRA NP (IR) A@] by ICRA Nepal and CARE NP AMC Quality 3+ by CARE Ratings Nepal.