Nabil Investment Banking Limited is launching the “NI 31,” a flexible mutual fund initiative. Subscriptions will commence today, the 30th of Shrawan, and will conclude on the 3rd of Bhadra, 2082. Should the issue remain under-subscribed by the closing date, there is an option for extension until Bhadra 13.
Of the 2.50 crore unit shares available, 15%, which equates to 37.50 lakhs units valued at Rs. 3.75 crore, have been designated for the scheme manager, Nabil Investment Banking Limited. The balance of 1,12,50,000 units, representing Rs 11.25 crore of the total 1,50,00,000 units, will be made available to the public and institutional investors.
“NI 31” operates as an open-ended fund. Applicants have the opportunity to request a minimum of 100 units up to a maximum of 25,00,000 units.
