NIBL Pragati Fund

At NIBL Ace Capital we intend to follow a disciplined and process oriented investment approach for mutual fund to help investors achieve their financial goals.


Fund Name NIBL Mutual Fund
Scheme Name NIBL Pragati Fund
Scheme Type Closed-end
Fund Size NRs. 750 Million
NFO Price per Unit NRs. 10
Approval Date 25/07/2073 BS (10/11/2016 AD)
Allotment Date 27/09/2073 BS (11/01/2017 AD)
Maturity 7 years
Maturity Date 26/9/2080 BS (11/01/2024 AD)
NAV Pragati Fund
Withholder PAN NO 201387476

Asset Allocation

This scheme under NIBL Mutual Fund will invest in a combination of or in all the following instruments as stipulated by Rule 34 of the prevailing Mutual Fund Regulation:

  1. Securities registered with SEBON
  2. Securities called for public offering
  3. Securities listed in the Nepalese Stock Exchange
  4. Bank Deposits
  5. Money Market instruments
  6. Other areas prescribed by SEBON
  7. Debentures, Treasury 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

Fund Sponsor

Nepal Investment Bank Limited
Corporate Office: Durbar Marg, Kathmandu, Nepal

Fund Manager & Depository

NIBL Ace Capital Limited
(Wholly owned subsidiary of Nepal Investment 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 NIBL Mutual Fund.

  1. Dr. Bimal Prasad Koirala
  2. Dr. Shambhu Ram Simkhada
  3. Dr. Durgesh Man Singh
  4. CA. Jitendra Bahadur Rajbhandary
  5.  Mr. Raju Nepal

For More Info

To know more about Pragati Fund, please fill in this form or call us at following numbers.

  +977 1 4425280
Ext no.: 432 & 411