November 24: NIBL Mutual Fund is issuing NIBL Pragati Fund from December 1. The company has allocated 51 million mutual fund units to general investors, 1 million units to issue manger NIBL Capital Markets and 8 million units to promoter company Nepal Investment Bank. Interested investors can apply for minimum of 100 units and maximum of 6 million mutual fund units that is priced at Rs 10 per unit.

The issue will close early on December 5 and later on December 15. According to the company, the money accumulated through the mutual fund will be invested in government bonds, debentures, securities of companies listed in NEPSE, deposits of BFIs and various sectors promoted by SEBON. Interested investors can apply for the mutual fund units through NIBL Capital Market and branch offices of NIBL as well.