RBB Focus 40 Mutual Fund Extends Application Deadline until October 17

RBB Merchant Banking Limited has extended the application deadline for the collective investment scheme RBB Focus 40, which it manages under RBB Mutual Fund. The scheme, which opened for subscription on September 2, will now remain open until October 17.

The fund is issuing a total of 100 million units at a face value of Rs. 10 per unit, amounting to Rs. 1 billion.

As per the allocation structure, the fund promoter Rastriya Banijya Bank will hold a minimum of 14 percent or 14 million units, while the scheme manager RBB Merchant Banking will retain 1 percent or at least 1 million units. The remaining 85 million units have been opened for the general public.

Investors can apply for a minimum of 100 units and up to 10 million units. The scheme has a maturity period of 12 years, and applications can be submitted through all banks and financial institutions participating in the C-ASBA system, as well as via the online Mero Share portal.

Credit rating agencies have also evaluated the scheme. CARE Ratings Nepal has assigned the promoter Rastriya Banijya Bank a CARE NP A+ Issuer Rating, while ICRA Nepal has awarded the scheme manager RBB Merchant Banking an ICRA NP AMC Quality 3 Rating.

The fund is expected to provide investors with long-term dividend returns and capital appreciation opportunities.