HLI Large Cap Fund: Your Gateway to Mutual Fund Investment in Nepal
Are you looking to invest in Nepal and explore the world of financial instruments? Then, you’ve come to the right place! We’re excited to share details about the upcoming HLI Large Cap Fund, a mutual fund under the umbrella of Himalayan Life Insurance Mutual Fund. This is a fantastic opportunity for investors in Nepal to grow their wealth through capital markets.
The HLI Large Cap Fund is set to open its initial public offering (IPO) on Bhadra 15th. This investment opportunity is managed by Himalayan Investment Banker, with Himalayan Life Insurance acting as the fund promoter. The fund is issuing a total of 40 crore units, presenting a significant opportunity for portfolio diversification.
Out of the total units, 50% (20 crore units) are reserved for the fund promoter, Himalayan Life Insurance. The remaining 20 crore units are available for the general public. This investment strategy aims to provide long-term investment returns through equity market participation.
Investment details are as follows: investors can apply for a minimum of 100 units and a maximum of 4 crore units. This flexibility makes it suitable for a wide range of investors!
How to Apply:
- You can apply through any bank or financial institution participating in the ASWA (Application Supported by Blocked Amount) service. These institutions are authorized by the Nepal Securities Board.
- You can also use the Mero Share online portal, developed by CDS and Clearing Limited, to apply through the C-ASBA system. This streamlined process makes online investment easy.
The unit sale is scheduled to close either on Bhadra 18th or Bhadra 29th (depending on demand) after banking hours. Make sure to mark your calendars!
The fund’s issuance and sales manager is Himalayan Investment Banker Limited.
Rating & Financial Stability:
Infomerics Credit Rating Nepal has assigned an IRN A+ issuer rating to the fund promoter. The plan manager has received an IRN AMC Quality 3 rating, demonstrating the financial stability of the fund and the quality of management. This provides assurance to investors looking to minimize investment risk.
Don’t miss this chance to be part of the Nepali stock market! This mutual fund offers an attractive investment option for both experienced investors and those new to the market. This fund provides a great avenue to invest in the Nepali stock market.
