Today is the last day for investors to apply for the ‘Nepal Life Samridhi Lagani Yojana’ mutual fund units. Managed by Nepal Life Capital, the scheme opened for subscription on Magh 4 and is closing early today because it has already received more applications than the total units available.
Detailed Subscription Information
The ‘Nepal Life Samridhi Lagani Yojana’ is a closed-end mutual fund scheme operating under the Nepal Life Mutual Fund. Nepal Life Insurance is the fund promoter, while Nepal Life Capital Limited serves as the scheme manager and issue manager. Although the subscription was initially scheduled to close on Magh 8, the deadline was extended to Magh 18 due to slow initial interest. However, as the demand has now exceeded the total units offered, the company decided to officially close the application process today.
Unit Allocation and Investment Limits
The Securities Board of Nepal (SEBON) granted approval on Poush 13 for the issuance of 16 crore units at a face value of Rs 10 per unit, amounting to a total fund size of Rs 1.6 Arba. The unit allocation is as follows:
- Nepal Life Insurance (Promoter): 2 Crore 24 Lakh units (Seed Capital)
- Nepal Life Capital (Scheme Manager): 16 Lakh units (Seed Capital)
- General Public: 13 Crore 60 Lakh units
Application Process
Individual and institutional investors can apply for a minimum of 100 units and a maximum of 1,60,00,000 units. Applications can be submitted through any bank or financial institution that is a member of the C-ASBA service authorized by the Securities Board of Nepal.
Disclaimer: This news is originally written in Nepali, translated with the help of AI and editorially reviewed.