Nabil Investment Banking Limited has published an offer letter to issue the “Nabil Balanced Fund III.” The public issue will open on 25th Bhadra and conclude on 29th Bhadra, 2078. If the issue isn’t fully subscribed by the early closing date, the deadline can be extended till Ashwin 08.
Nabil Balanced Fund III is a close-ended fund, meaning it will be traded in NEPSE. The fund has a maturity period of 10 years. The fund has 10 crore units at a par value of Rs 10 per unit. 14% of the fund is allocated to fund promoter Nabil Bank and 1% to fund manager Nabil Invest. The remaining 8.5 crores will be open for the public issue.
Interested investors can apply for a minimum of 100 units to a maximum of 1 crore units.