HLI Large Cap Fund Opens for Subscription Today; NPR 2B Public Units on Offer
Himalayan Life Insurance’s subsidiary opens HLI Large Cap Fund today, offering 200M units worth NPR 2B to the public at NPR 10 each.
Kathmandu, Aug 31 (Nepalytix) — Himalayan Investment Banker Ltd, a subsidiary of Himalayan Life Insurance, has launched its first closed-end mutual fund scheme, HLI Large Cap Fund, with applications opening today.
The fund aims to raise NPR 4 billion by issuing 400 million units at a face value of NPR 10 each. Of this, 200 million units worth NPR 2 billion are secured for the sponsor, Himalayan Life Insurance, while the remaining 200 million units, worth NPR 2 billion, are being offered to the general public.
Investors must apply for a minimum of 100 units, with the ceiling set at 40 million units per applicant. The scheme, managed under the Himalayan Life Insurance Mutual Fund, has a tenure of 10 years from the allotment date.
The application window closes on Bhadra 18 (Sept 3, 2025), though the deadline may be extended until Bhadra 29 (Sept 14) if the minimum subscription threshold is not met. The issue will proceed only if at least 50% of the public offering—200 million units—is subscribed; otherwise, the scheme will be canceled and refunds processed within 15 days.
Himalayan Investment Banker Ltd is managing the issue. Investors can apply through ASBA-member banks and financial institutions approved by SEBON, as well as through CDS and Clearing Ltd’s Mero Share online platform.
For ratings, Infomerics Credit Rating Nepal has assigned the sponsor IRN A+ (Issuer Rating), while the scheme’s fund manager received an IRN AMC Quality-3 grade, indicating moderate management quality.