15 mutual funds awaiting for board approval

Mar Fri 2022 02:32:03

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15 mutual funds awaiting for board approval

Kathmandu. The Nepal Securities Board (NSB) is awaiting approval to operate 15 mutual funds, including two open ones. Nabil Investment Banking Limited and Laxmi Capital Market Limited are preparing for the operation of the open scheme while the other 13 schemes are closed in nature.

NMB Capital has one, Kumari Capital two, Sanima Capital one, Siddhartha Capital one, Prabhu Capital one, NIC Asia Capital two, CBIL Capital one, Sunrise Capital one, Sunrise Capital one, Mega Capital one, NIBL ​​S Capital one and Global IM Capital one. Mutual funds of nature are preparing to enter the market.

Experts say that the addition of such schemes will have a positive impact on the country's economy as the funds raised for the operation of mutual funds will be mobilized in the capital market and banking sector. Experts have suggested to pay attention to the diversification of the existing mutual funds as their investment is concentrated only in the stock market