Tag: Stable

  • NIBL Stable Fund Allotted; Fund Size Extended to Rs. 113 Crores

    NIBL Stable Fund Allotted; Fund Size Extended to Rs. 113 Crores


    NIMB Ace Capital Limited launched its latest closed-end mutual fund scheme, named the “NIBL Stable Fund,” valued at Rs 1 Arba. The subscription period began on the 2nd of Magh and ended on the 16th of Magh, 2080. The allotment program took place at NIMB Ace Capital’s premises in Lazimpat on the 24th of Magh at 9 AM.

    Originally planning for 10 crore units at Rs 10 per unit, the fund saw significant oversubscription, prompting a resizing to 113% of its initial size. As a result, the total units issued for the “NIBL Stable Fund” reached 11.3 crore units.

     

  • Last Chance: NIBL Stable Fund Mutual Fund Public Issue Closing Today

    Last Chance: NIBL Stable Fund Mutual Fund Public Issue Closing Today


     

    NIMB Ace Capital Limited is concluding the public issuance of its mutual fund scheme, “NIBL Stable Fund,” today, on Magh 16, 2080. The originally scheduled closing date on the 5th Magh was extended due to an insufficient number of applications received by the issue manager. The mutual fund scheme, out of a total of 10 crore unit shares, has allocated 1% (10 lakh units) valued at Rs. 1 crore to the scheme manager, NIMB Ace Capital Limited, and 14% (1.4 crore units) worth Rs. 14 crore to the fund sponsor, Nepal Investment Mega Bank Limited. The remaining 8.5 crore units, amounting to Rs. 85 crore, are now available for subscription by the general public. This extension provides an additional opportunity for investors to participate in the NIBL Stable Fund, contributing to the overall capitalization of the mutual fund scheme.

     

  • NIMB Ace Capital Extends ‘NIBL Stable Fund’ Deadline Due to Low Initial Applications

    NIMB Ace Capital Extends ‘NIBL Stable Fund’ Deadline Due to Low Initial Applications


    NIMB Ace Capital Limited has decided to extend the deadline for the “NIBL Stable Fund” mutual fund scheme to the general public and institutions until the 16th of Magh, 2080. Originally set to close on the 5th Magh, 2080, the extension was prompted by the scheme’s insufficient applications. Out of a total of 10 crore unit shares, 1% (10 lakh units worth Rs. 1 crore) has been allocated to the scheme manager NIMB Ace Capital Limited, 14% (1.4 crore units worth Rs. 14 crore) to the fund sponsor Nepal Investment Mega Bank Limited, and the remaining 8.5 crore units worth Rs. 85 crore are open for subscription from the general public. The “NIBL Stable Fund” operates as a closed-end fund, allowing applicants to apply for a minimum of 100 units and a maximum of 1,00,00,000 units.

    As per the information from the Central Depository System and Clearing Limited (CDSC), the scheme has received applications from 20,264 individuals, amounting to 2,38,16,750 units worth Rs. 23.81 Crore, as of 5 pm yesterday. Currently, “NIBL Mutual Fund” operates four closed-end schemes – “NIBL Pragati Fund,” “NIBL Samriddhi Fund-II,” “NIBL Growth Fund,” and “Mega Mutual Fund 1” – along with one open-ended Mutual Fund Scheme, “NIBL Sahabhagita Fund.” The first scheme under NIBL Mutual Fund, NIBL Samriddhi Fund-I, has successfully completed its operation after 7 years, distributing total cash dividends of 98.50% to unit-holders, equivalent to an approximately 18% effective rate per annum. Notably, NIBL Mutual Fund has introduced the first-ever open-ended mutual fund scheme in Nepal, “NIBL Sahabhagita Fund,” following the Mutual Fund Regulation 2067.

  • Gold Drops by Rs. 600 Per Tola, Trades at Rs. 110,000; Silver Stable at Rs. 1,375

    Gold Drops by Rs. 600 Per Tola, Trades at Rs. 110,000; Silver Stable at Rs. 1,375


     

    In the domestic market today, the price of fine gold has decreased by Rs. 600 per tola. The current trading rate for fine gold, according to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, is Rs. 110,000 per tola, compared to yesterday’s rate of Rs. 110,600 per tola. Similarly, the price of tejabi gold has fallen by Rs. 550, with today’s trading rate at Rs. 109,500 per tola, compared to yesterday’s rate of Rs. 110,000 per tola.

     

  • Nepal Telecom’s Q3 Report Highlights Stable Net Profit and Strong Financial Position

    Nepal Telecom’s Q3 Report Highlights Stable Net Profit and Strong Financial Position


    Nepal Telecom (NTC) Releases Q3 Report with Stable Net Profit, Increased Investments, and Strong Financial Position

    Nepal Doorsanchar Company Limited (NTC), commonly known as Nepal Telecom, has published its third-quarter report for the fiscal year 2079/80. The report reveals that the company has achieved almost similar figures in Net Profits compared to the corresponding quarter of the previous fiscal year. In Q3, NTC recorded a Net Profit of Rs. 5.41 Arba, which is slightly lower than the Rs. 5.43 Arba achieved in the same quarter of FY 2078/2079.

    However, the company’s income from other sources has seen a notable increase of 35.78%, reaching Rs. 5.86 Arba in the third quarter of the current fiscal year, compared to Rs. 4.31 Arba in the previous fiscal year.

    While the administrative expenses of the company have risen by 16.25% to Rs. 89.87 crores during Q3 of this fiscal year, NTC has successfully reduced its operating and maintenance expenses by 13.65% to Rs. 5.28 Arba, as opposed to Rs. 6.12 Arba during the corresponding quarter of FY 2078/79.

    NTC has also made significant increments in its investments, which now amount to Rs. 72.66 Arba, including both long-term and short-term investments.

    With a paid-up capital of Rs. 18 Arba and reserves and surplus of Rs. 75.47, Nepal Telecom stands in a robust financial position.

    The company maintains an Earning per Share (EPS) of Rs. 40.09 and was traded at a Price per Earnings Ratio of 20.40 times.

  • Losses for Laxmi Capital Market Mutual Fund Schemes in Chaitra Reduce; SLK’s NAV Maintains At 9.67

    Losses for Laxmi Capital Market Mutual Fund Schemes in Chaitra Reduce; SLK’s NAV Maintains At 9.67


    Laxmi Equity Fund (LEMF), a closed-end 7-year equity-oriented mutual fund scheme administered by Laxmi Capital Market Limited, showed a modest increase in NAV to Rs. 10.03 at the end of Chaitra from Rs. 9.93 the previous month.

    The plan started with a fund amount of Rs. 1.25 crore. Arba has invested Rs. 77.67 crores in publicly traded shares of several firms.

    LEMF has invested Rs. 15.36 lakh in IPOs and Rs. 5.41 crore in bonds/debentures. This mutual fund has Rs. 13.5 crores in fixed deposits and a bank balance of Rs. 27.78 crores.

    It declared a net loss of Rs. 20.17 crores until the end of Chaitra. The previous month’s loss was Rs. 21.36 crores.