HLI Large Cap Fund Launches: Your Guide to Mutual Fund Investment
Are you looking to invest in the stock market and build your investment portfolio? Himalayan Investment Banker Limited, a subsidiary of Himalayan Life Insurance, has announced the launch of the HLI Large Cap Fund. This presents a fantastic opportunity for investors seeking mutual fund investment options in the Nepalese market.
This closed-end mutual fund scheme is designed to offer long-term investment returns. With a 10-year duration, the HLI Large Cap Fund aims to capitalize on the potential of large-cap stocks. The fund will issue 400 million units, each with a face value of NPR 10, totaling NPR 4 billion.
Understanding the Fund Structure
The structure of the HLI Large Cap Fund is designed with both institutional investors and the general public in mind. Half of the total units, equivalent to NPR 2 billion (200 million units), are reserved for the fund promoter, Himalayan Life Insurance. The remaining NPR 2 billion (200 million units) is open for public subscription, providing a significant chance for retail investors to participate.
How to Invest
The initial public offering (IPO) for the HLI Large Cap Fund begins on August 30th and runs until September 2nd. If there is a good response from investors, the deadline might be extended to September 13th. Investors can apply for a minimum of 100 units, with a maximum limit of 40 million units.
Where to Apply
Applying for the HLI Large Cap Fund is designed to be convenient. You can submit your application through Himalayan Investment Banker Limited, the fund manager and issue manager. Furthermore, applications are accepted at all ASBA member banks and financial institutions, offering a variety of locations for investment applications. For added convenience, investors can also use the Mero Share online platform to apply for units, allowing for online investment. This makes mutual fund investing easier than ever.
Key Takeaways for Investors
- Fund Type: Closed-end mutual fund.
- Investment Objective: Capital appreciation through investments in large-cap companies.
- Fund Size: NPR 4 billion.
- Unit Price: NPR 10 per unit.
- Subscription Period: August 30th to September 2nd (extendable to September 13th).
- How to Invest: Through Himalayan Investment Banker Limited, all ASBA member banks, and online via Mero Share.
Investing in mutual funds is a popular way to diversify your investment strategy and potentially achieve substantial returns. This new mutual fund offering provides a solid opportunity to explore the potential benefits of large-cap stocks within a managed investment portfolio. Don’t miss out on this chance to participate in the Nepalese stock market. Review this investment opportunity and consult with your financial advisor today!
