Nabil Investment Banking Limited has released a proposal document to launch the “NI 31”, an open-ended mutual fund initiative. The subscription period will commence from the 30th of Shrawan to the 3rd of Bhadra, 2082. Should the subscription not reach full capacity by the early termination date, the offering may be prolonged until Bhadra 13.
Of the 2.50 crore unit shares, 15%, which equates to 37.50 lakhs units valued at Rs. 3.75 crore, has been designated for the scheme manager, Nabil Investment Banking Limited. From the 1,50,00,000 units, the remaining 1,12,50,000 units, worth Rs 11.25 Crore, will be made available to the general public and institutions.
“NI 31” operates as an open-ended fund. Participants can apply for a minimum of 100 units and a maximum of 25,00,000 units.
