Nabil Investment Banking Limited is launching its second open-ended mutual fund scheme called ‘NI 31 Scheme’ from Shrawan 30. This new fund is part of Nabil Mutual Fund.
The total size of the fund is 250 million rupees. They will issue 25 million units at 10 rupees each. Out of these, 3.75 million units are kept for the management company, and 11.25 million units will be available for the public in the first phase.
Regular investors can apply for as few as 100 units and up to 2.5 million units. The application period starts from Bhadra 3 and ends on Bhadra 13.
The ‘NI 31 Scheme’ will only invest in 31 top blue-chip companies listed on the stock market. The plan aims to give investors good long-term returns.
Earlier, Nabil Investment Banking ran the ‘Nabil Equity Fund.’ It was their first open-ended equity fund. It invested in a mix of large and mid-sized listed companies. Since its launch, it has delivered steady returns and focused on growing investors’ capital over the long term.
