'NIBL Sahabhagita Fund' gets approval to increase its size to Rs 2 billion

Nepal Investment Bank Ltd — one of the leading banks of Nepal which was recently renamed Nepal Investment Mega Bank Ltd (NIMBL) following merger with Mega Bank Ltd — had registered ‘NIBL Mutual Fund’ as a fund sponsor in Securities Board of Nepal (SEBON) with an objective to diversify mutual fund schemes in the Nepali capital market.