ICRA Nepal Upgrades NMB Capital to Highest Fund Management Rating
Summary
ICRA Nepal has upgraded NMB Capital Limited to the highest fund management rating, recognizing its strong capability and growth in assets under management.
Key Points
- ICRA Nepal upgraded NMB Capital Limited's Fund Management Quality Rating to ICRANP AMC Quality 2+.
- NMB Capital manages three closed-end funds and one open-end scheme with stable asset figures.
- NMB Saral Bachat Fund-E has grown significantly with over 55,000 retail investors through SIPs.
- Securities Board of Nepal approved NMB Saral Bachat Fund-E to expand up to NPR 10 billion.
- The upgrade indicates NMB Capital as the highest-rated fund manager in the industry.
.png)