Kathmandu. Global IME Capital’s Advanced Scheme-2 Mutual Fund is going to be issued from July 15.
The scheme will initially be worth Rs 1.2 billion. If the demand increases, it will increase by 25% to a maximum of Rs. According to the company, it can expand to 1.5 billion.
The scheme aims to provide long-term benefits to investors by managing risk in a balanced manner by investing in equity and fixed income instruments.
The scheme has been fully implemented as per the Mutual Fund Regulations 2067 BS.
Under this scheme, the general public can apply for 120 million units. The minimum investment will start from 100 units i.e. Rs 1,000. Applications can be made for up to 12 million units i.e. 10 percent of the maximum investment plan in this scheme.
The plan will be for 10 years. In which the money earned from the profit will be reinvested.
Capital has projected an annual average return of 22.49 percent. According to this, the unit owners of this scheme will get a total return of 224.96 percent in 10 years.
The estimated annual return rate of the scheme is estimated at 16.88 percent. Capital has projected to distribute 8 percent to 20 percent dividend to the unit owners of this scheme for the first nine years.
There are currently two schemes in operation under the Global IME Mutual Fund. Out of this, Samunnat Yojana-1 has distributed 104 percent dividend in seven years and 10.16 percent fund buyback return. Similarly, the 10-year Global IME Balance Fund 1 has a corpus size of Rs 1.025 billion.
Global IME Capital Limited is the manager of this scheme. This capital is nepal’s first pure merchant banker established in 2008. This capital is a merchant bank licensed by the Securities Board of Nepal as a merchant banker, in which Global IME Bank owns 81.50 percent.
To invest in the unit of this scheme, investors can apply from all aswa member banks and financial institutions and their designated branch offices approved by the Securities Board.
Apart from this, they can also apply through C-ASWA system using the software ‘Mero Share’ created by CDS and Clearing Limited online.
Credit rating company ICRA Nepal has given iCRA NP issuer rating A minus (A-) to the fund promoter in the rating made for the issue of this scheme.
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