RBB Focus 40: Turning Ten Rupees into a Billion Dreams

RBB Merchant Banking Limited is set to launch its new mutual fund scheme, “RBB Focus 40”, under its management, opening for public issuance from September 3 (Bhadra 18). The fund will issue 100 million units worth NPR 1 billion at a face value of NPR 10 per unit.

Out of the total, a minimum of 14% units are reserved for the promoter Rastriya Banijya Bank, and at least 1% for the fund manager, RBB Merchant Banking. The remaining 85 million units will be available to the public. Investors can apply for a minimum of 100 units and a maximum of 10 million units. The issue will close on September 7 (Bhadra 22) at the earliest, but may be extended to September 17 (Ashoj 1) if not fully subscribed.

The scheme, with a tenure of 12 years, allows investors to apply via all banks and financial institutions providing C-ASBA services and through the Mero Share online platform. The fund has received CARE NP A+ Issuer Rating from CARE Ratings Nepal and ICRA NP AMC Quality 3 Rating from ICRA Nepal.

The scheme will primarily invest in 40 fundamentally strong companies listed on NEPSE, aiming to deliver maximum returns. However, depending on market conditions, it can also invest in more than 40 companies. This makes the fund a promising option for long-term investors seeking consistent returns.