Kathmandu. Himalayan Investment Banker is going to issue HLI Large Cap Fund. Himalayan Life Insurance’s subsidiary company is going to issue the first closed plan.

It is issuing 400 million units worth Rs 4 billion at the rate of Rs 10 per unit. Out of this, 2 million units worth Rs 2 billion have been allocated for fund promoter Himalayan Life Insurance. The remaining 200 million units of Rs 2 billion will be issued for the general public.

Applications can be made for the fund to be issued by the company from August 15. Applications can be made from a minimum of 100 to a maximum of 40 million units. Applications can be submitted to the fund till September 15. If the application is not received as per the demand during this period, the application can be submitted till September 15.

Himalayan Investment Banker is the sales manager of the fund. The fund can be applied from the Securities Board of Nepal through the banks and financial institutions that are members of the Securities Board of Nepal and my shares.