Mega Mutual Fund-1

“Mega Mutual Fund-1” targets long term capital appreciation investing predominantly in equity and equity related instruments and partly in fixed income securities. The fund’s philosophy is not to mirror the NEPSE but to generate profit by diversifying investment in just the right number of companies to make sure that the fund’s return beats the market returns – ALWAYS.

Mega Mutual Fund-1 operated under Mega Mutual Fund, the first scheme after merger to NIMB Ace Capital Ltd. (then NIBL Ace Capital Ltd. & Mega Capital Markets Ltd.)

Scheme Objective:

To generate long term capital appreciation by investing predominantly in equity and equity related instruments and fixed income securities as allowed by prevailing rules of SEBON.

Scheme Briefings:

Nature of the SchemeClosed End Fund
Fund NameMega Mutual Fund
Scheme NameMega Mutual Fund 1
CorpusNPR 1.25 Billion Corpus amount may reach a maximum up to NPR 1.56 Billion (25% more) if oversubscribed as allowed by prevailing regulation on mutual fund.
New Fund Offer (NFO) Par ValueNPR. 10.00
NFO Unit125,000,000 Units
Minimum Unit to apply100 Units
Maximum Unit to apply10% of Issue Size
Issue Open DateAs per prospectus
Approval Date28/04/2078 BS (12/08/2021 AD)
Allotment Date23/05/2078 BS (08/09/2021 AD)
Maturity10 Years from the date of allotment of units
Fund Management & Depository Fees1.25% and 0.2% of applicable NAV.
Maturity Date22/05/2088 BS (08/09/2031 AD)
Allotment of UnitsThe Units will be allotted as per Securities Issues and Allotment Directive 2074
Dividend Payout StrategyThe cash dividend will be pay out from the realized profits in proportion to investments made, retained earnings.
ListingThe Units will be listed in Nepal Stock Exchange Ltd. (NEPSE) for trading until the maturity of the scheme.
Fund Supervisors Fees0.1% of Net Asset Value (NAV)
Fund Management Fees1.5% of Net Asset Value (NAV)
Depository Fees0.2% of Net Asset Value (NAV)
Withholder PAN No.201379334

Area of Investment:

Section 8, Clause 34 (1) of prevailing Mutual Fund Regulation allows the following assets class for investment:
1. Securities that are registered with SEBON
2. Securities called for public offering
3. Securities that are listed in Stock Exchange
4. Debentures, Treasure Bills and other instruments of money market issued by Government of Nepal or Government Agencies receiving full guarantee or protection of Government of Nepal or NRB
5. Bank deposits
6. Money Market instruments
7. Other areas prescribed by SEBON

Fund Sponsor

Nepal Investment Mega Bank Limited (Former Mega Bank Nepal Limited)
Corporate Office: Durbar Marg, Kathmandu, Nepal

Fund Manager and Depository

NIMB Ace Capital Limited (Former Mega Capital Markets Limited)
(Wholly owned subsidiary of Nepal Investment Mega Bank Ltd.)
Head Office: Uttar Dhoka, Lazimpat, Kathmandu, Nepal

Fund Supervisors

The Fund Sponsor has appointed the following prominent professionals as the Fund Supervisors of Mega Mutual Fund.

CA Anal Raj Bhattarai
Dr. Bharat Bahadur Karki
Dr. Bishwamber Pyaukurel
Ms. Sarita Bhatta
Mr. Yuvraj Pandey

*Mutual fund investments are subject to market risks. Please read the offer document carefully before investing.

For More Info

To know more about the Mega Mutual Fund-1, please fill in this form or call us at following number.

Ext. No.: 411, 432