Nepal Life Launches “Samriddhi Lagani Yojana” Mutual Fund for Public Investors
Summary
Nepal Life Insurance and Nepal Life Capital Limited have launched the Nepal Life Samriddhi Lagani Yojana mutual fund with a 10-year maturity, offering public subscription from Magh 4 to Magh 8, 2082 BS.
Key Points
- Nepal Life Insurance Company and Nepal Life Capital Limited have launched the Nepal Life Samriddhi Lagani Yojana mutual fund.
- The fund has 16 crore units valued at Rs. 1.6 Arba, with 15% reserved for promoters/managers and 13.6 crore units for public subscription.
- Subscription is open until Magh 8, 2082 BS through banks, financial institutions, and the Mero Share online platform.
- The fund has a 10-year maturity and received strong ratings from ICRA Nepal: AA- for financial safety and AMC3 for management quality.
