Scheme Name:

Laxmi Value Fund-I

Scheme Nature:

Balanced Growth Fund

Scheme Type:

Close-ended

Base Size of  Scheme:

NRs. 500,000,000 (Five Hundred Million)

Number of Issued Units:

50,000,000 (Fifty Million)

Per Unit Price:

NRs. 10

Date of allotment:

March 26, 2015

Units alloted:

50,000,000 (Fifty Million)

Maturity:

5 Years

Fund Sponsor:

Laxmi Bank Limited, Hattisar, Kathmandu, Nepal

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 & Depository:

Laxmi Capital Market Ltd. (a wholly owned subsidiary of Laxmi Bank)

Asset Allocations:

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

Fund Related Expenses Fees:

1. Expense related to Fund Issuance

SEBON registration fee: 0.10% of the total issue amount, Other issue related expenses: Charges related to scheme promotion, application, allotment, refund, certificate distribution plus any other charges allowed by Mutual Fund Regulation.

1. Scheme Expenses:

• The cost of the fund 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 0.5% 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.