The NIBL Pragati Fund (NIBLPF), a closed-end 7-year mutual fund scheme with a total size of Rs. 75 Crore, is set to reach maturity on the 26th of Poush, 2080. Managed by NIMB Ace Capital Limited, with NIMB Bank Limited as the fund sponsor, the scheme is scheduled to issue its delisting notice on the 24th of Poush, 2080. It is noteworthy that the fund has consistently provided dividends to investors over the past three fiscal years.
Upon the conclusion of the maturity period, the trading of the mutual fund shares will be suspended, and investors will receive their share of the investment after the mutual fund sells all its holdings. As part of the maturity process, the fund is required to sell all its shares, debentures, and non-listed shares, distributing the proceeds proportionally among the unit holders. The latest Net Asset Value (NAV) is recorded at Rs. 9.68 as of Mangsir.
The last traded price of the mutual fund is Rs. 9.32 as of January 8, 2024