Global IME Capital to launch “Samunnat Yojana 2” Mutual Fund
KATHMANDU, JULY 4
Global IME Capital Limited is set to launch a new mutual fund scheme, “Global IME Samunnat Yojana 2”, with public subscriptions opening on July 6. The scheme aims to provide a safe, affordable, and professionally managed investment opportunity for the Nepali public, according to the press release issued by the Global IME Capital.
This closed-end mutual fund will have an initial fund size of Rs. 1.2 billion, with the potential to expand up to Rs. 1.5 billion through a green-shoe option, depending on investor demand. The fund will run for 10 years from the date of unit allotment, and units are priced at Rs. 10 each. A total of 120 million units are available for subscription. Investors can apply for a minimum of 100 units and a maximum of 1.2 crore units (10 percent of the total fund), the release further stated.
The scheme aims to generate long-term returns by investing 70–90 percent of its portfolio in equity and equity-related instruments, while the remaining allocation will be distributed across debt instruments, fixed deposits, cash, IPOs, and other mutual funds, each up to 10 percent.
Global IME Capital projects an average annual return of 22.49 percent, totaling a projected return of 224.96 percent over the fund’s tenure. The estimated internal rate of return (IRR) is 16.88 percent. Dividends ranging between 8 and 20 percent annually are expected in the first nine years, with profits distributed to unit holders and reinvestment of retained earnings.
The company currently manages two mutual funds under the Global IME Mutual Fund umbrella. Its earlier fund, Samunnat Yojana 1, has distributed 104 percent in dividends over seven years, and delivered a fund repurchase return of 10.16 percent. The Global IME Balanced Fund 1, another 10-year fund, has a fund size of Rs. 1.025 billion.
Established in 2008, Global IME Capital is Nepal’s first dedicated merchant bank and is licensed by the Securities Board of Nepal (SEBON). Global IME Bank holds an 81.5 percent stake in the company.
Interested investors can subscribe through any ASBA-approved banks and financial institutions designated by SEBON, or apply online via the “Mero Share” platform using the C-ASWA system, the company stated.
The scheme has received a credit rating of “ICRANP Issuer Rating A-” from ICRA Nepal, indicating adequate creditworthiness of the fund promoter. Infomerics Credit Rating has also assigned “IRN AMC Quality 3+” to Global IME Capital, indicating moderate quality fund management capabilities.