The offer letter for the “NMB Saral Bachat Fund – E” has been released by NMB Capital Limited.
The “NMB Saral Bachat Fund – E” is an open-ended mutual fund that will not be traded on the NEPSE exchange. The fund has no set maturity date, and the fund manager can increase the fund’s size as needed.
A total of 10 crore units with a face value of Rs 10 would be issued. The fund promoter NMB Bank will receive 14% of the entire fund amount, while NMB Capital will receive 1%. Investors can apply for as few as 100 units and as many as 40 lakh.