After a Mutual Fund matures, you are supposed to get paid it’s recent NAV, right? But, I realized that even right before maturity, the Mutual fund was being traded at a price way below it’s NAV. Why wasn’t anyone buying it at LTP(say 10) right before it matures to get paid it’s NAV(say 11)? So, what am I missing here? Taxes?
View on r/NepalStock by RepresentativeNo1973
GIMES1 hasn’t yet and it has been 3.5 months. Is there no actual provision? Bekar ma hold bhairakhyaxa
View on r/NepalStock by FinalSurgeOfDopamine
A total of 468,845 units of the “8% Everest Bank Limited Debenture 2079” have been removed from trading on the NEPSE (Nepal Stock Exchange). This delisting indicates that the debenture has reached its maturity date, which was Jestha 28, 2079. Investors who held these debentures will now receive their principal investment amount along with the interest earned.
The “8% Everest Bank Limited Debenture 2079” offered a fixed annual return of 8% to its unitholders throughout its duration. Now that it has matured, Everest Bank Limited will initiate the process of refunding the initial investment amount and distributing the accrued interest to the debenture holders. To obtain more specific details about the refund process and interest distribution, unitholders are advised to contact or visit the nearest branches of Everest Bank Limited, located in Hatisar, Kathmandu, Nepal. These branch offices will provide comprehensive information and assistance to the concerned debenture holders.
Sunrise Focused Equity Fund (SFEF) units worth $10 billion have been listed on NEPSE. The fund initially offered just 12 crore units, however the offering was downsized due to a reduced number of applications.
The “Sunrise Focused Equity Fund” is a closed-end fund with a 10-year maturity horizon. On the 10th of Magh, Sunrise Capital allocated its Sunrise Focused Equity Fund. Nevertheless, the close-ended mutual fund received just 10 crore unit mutual fund applications out of the 12 crores available, forcing the fund manager to decrease the fund’s corpus to Rs 1 Arba.
NEPSE has listed 746,830 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.”
From the 25th Poush to the 09th Magh of 2079, Everest Bank Limited (EBL) issued 20,00,000 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.”
From the overall offer of 20 lakh units, 12 lakh units were subscribed through private placement, while the remaining 8 lakh units worth Rs. 80 crores were open for public issue, with 5% reserved for mutual funds.
As the name implies, the “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089” would provide unit holders with 7.5% yearly yields till maturity, which is in the year 2089 BS (10 years).
The “Mega Mutual Fund 1 (MMF1)” NAV report for the month of Falgun has been released.
“Mega Mutual Fund 1” is a closed-end fund with a 10-year maturity period. The fund size for the initial issue was Rs. 1.25 Arba.
The fund has invested Rs. 83.86 crores in Falgun’s listed shares. Non-listed shares were worth Rs. 3.66 crores, and fixed deposits were worth Rs. 10 crores. The fund has bank deposits worth Rs. 3.30 crores and other assets worth Rs. 2.39 crores.
In NEPSE, 11,00,000 units of “10.5% BOK Debenture 2086” have been listed.
Bank of Kathmandu Limited issued 11,00,000 units of “10.5% BOK Debenture 2086” between the 2nd and 7th Bhadras of 2079.
6.60 lakh units were subscribed via private placement from the total issue of 11 lakh units, while the remaining 4.40 lakh units worth Rs. 44 crores were open for public issue, 5% of which was also allocated to mutual funds.
The “10.50% BOK Debenture 2086” has a maturity period of 7 years and will provide an annual return of 10.50% during that time.