Nabil Balanced Fund-3 receives more application than demanded

13th Sep, 2021 | Tourism Mail Crew

KATHMANDU, Sep 13: The closed-door scheme to be operated under Nabil Mutual Fund has received more applications than the demand of Nabil Balanced Fund-3.

Out of 100 million units at the rate of Rs. 10 per unit of the fund, a minimum of Rs. 850,000 has been made public. As a significant participation of general investors, 1, 04,779 (including to be certified) applicants have applied for the purchase of units worth Rs. 12,62,55,040 (including pending certification). The number of applications received for the sale is 25 percent more than the demanded amount.

As the sale of this scheme will be closed only tomorrow, the number of applications mentioned above is expected to increase.