SEBON Approves LS Horizon 12 Mutual Fund for Public Issuance
Summary
SEBON has approved the LS Horizon 12 mutual fund scheme by Laxmi Sunrise Bank and Laxmi Sunrise Capital for public issuance, aiming to expand investment opportunities in Nepal's capital market.
Key Points
- The Securities Board of Nepal (SEBON) has approved a new mutual fund scheme named LS Horizon 12.
- LS Horizon 12 is a 12-year closed-end fund issuing 12 crore units at Rs. 10 each.
- The fund is promoted by Laxmi Sunrise Bank and managed by Laxmi Sunrise Capital.
- The mutual fund aims to widen investment opportunities in Nepal's capital market for investors of all sizes.
