| Laxmi
Equity Fund |
|
| Scheme
Name |
Laxmi Equity Fund |
| Scheme
Nature |
Equity Oriented |
| Scheme
Type |
Closed-end |
| Fund Size |
NRs.
1,250,000,000 (One Billion Two Hundred and Fifty Million) |
| Price Per Unit |
NRs. 10 |
| Date Of Allotment |
June 12,2017 |
| Units Alotted |
125,000,000 (One
Hundred and Twenty Five Million) |
| Maturity |
7 years |
| Fund Sponsor |
Laxmi Bank
Limited |
| Fund Supervisors |
1. Mr. Vinod Kumar Devkota: Former Member-Secretary in Nepal
Law Reform Commission, Former Joint-Secretary in the Ministry of Law and
Justice. Over 40 years of work experience in the field of Law.
|
2. Mr.
Chhetra Gopal Pradhan: Chartered Accountancy from
Institute of Chartered Accountants of Nepal. Over 16 years of work experience
in the field of audit, accounting and consulting in different
Institutions.
|
3. Mr.
Parsuram Koirala: Masters of Laws (LLM.) in Commercial
Laws, from University of Mumbai (India). Over 20 years of work experience as
a Legal Practitioner.
|
| 4. Dr.
Radhe Shyam Pradhan: Professor-Finance; Ph.D. from Delhi
University. Over 38 years of work experience as a Professor at Tribhuvan
University. |
| Fund Manager and Depository |
Laxmi Capital
Market Limited |
| Assets Allocation |
The Scheme will
invest in a combination of or in all the following instruments as stipulated
by Rule 34 of prevailing Mutual Fund Regulation: |
| Securities registered with Securities Board of Nepal (SEBON) |
| Securities called for public offering |
| Securities listed in Stock Exchange |
| 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 Nepal Rastra Bank. |
| Bank deposits |
| Money Market instruments |
| Other areas prescribed by the SEBON |
| Audit and the fiscal year to be followed |
The audit of the
fund shall be done every year based on Nepali Calendar starting from
1st of Shrawan till End of Ashadh. |
| Scheme Expenses |
The
scheme expenses shall be as follows:
|
| a. Scheme registration and issue fee: |
| 0.1 % or minimum five lakhs whichever is higher for registration
and issue fee shall be as per the agreement with issue manager |
| |
| b. Regular costs: |
| Fund management fee- annually 1.5 % of the NAV |
| Fund depository fee- annually 0.2% of the NAV |
| Meeting allowances for the Fund Supervisors |
| (All above fee shall be computed based on Mutual Fund Regulation
2067) |
| |
| c. Listing fee: |
| As per NEPSE regulation |
| |
| d. Audit fee, notice and other publication fee |
| |
| e. CDS registration fee: |
| As per CDS regulation |
| Risk Associated with Mutual Fund Investment |
Mutual
fund investments are subject to market risks. |