NIBL Sahabhagita Fund Approved for Expansion to 2 Billion by SEBON

January 19 : Nepal Investment Mega Bank Ltd. (NIMBL) has received approval from the Securities Board of Nepal (SEBON) to increase the size of its open-ended scheme, "NIBL Sahabhagita Fund," to 2 billion. The scheme, which is operated under NIBL Mutual Fund, was first launched in 2019 with a size of 20 crores and has since grown to a milestone size of 1 billion.

The high demand from investors prompted NIBL Ace Capital to approach SEBON with the request to increase the scheme's size. The approval was granted on 17th of Poush 2079.

Since the scheme's launch, it has been successful in providing reasonable returns to its unit holders. A total of 65.45% dividend has been distributed in the three years of its operation, with an average annual return of 21.81%. The scheme has yielded the highest returns compared to other open-ended mutual fund schemes in Nepal.

Investors can participate in the scheme by submitting forms available at all branches of NIMB and NIBL Ace Capital, or by applying online through the website of NIBL Ace Capital (www.niblcapital.com). Additionally, investors can participate in a Dividend Re-Investment Plan which eliminates logistical hassles and ensures they don't miss out on investment opportunities.

With skilled and experienced fund managers, the scheme has grown significantly, becoming the largest ever open-ended scheme in the Nepalese capital market.