Global IME Mutual Fund launches public offering of Rs 1.2 billion ‘Samunnat Yojana–2’ scheme

KATHMANDU: The Global IME Samunnat Yojana–2 Mutual Fund has opened its public issuance and sales from Sunday, 22 Ashadh 2082 (July 7, 2025) for both institutional investors and the general public. The mutual fund scheme, managed by Global IME Capital Limited, carries an initial fund size of NPR 1.2 billion with provisions to extend up to NPR 1.5 billion in case of oversubscription.

Each unit of the fund is priced at NPR 10, and the total offering comprises 120 million units. Of this, 18 million units (15%) are allocated as seed capital:

1.8 million units (1.5%) for the fund manager, Global IME Capital Ltd., and

16.2 million units (13.5%) for the fund sponsor, Global IME Bank Ltd.

The remaining 102 million units are open for public subscription. Interested investors, including individuals and institutions, can apply for a minimum of 100 units and up to a maximum of 12 million units (10% of the scheme).

Key Highlights of the Scheme:

Type: Close-ended mutual fund

Duration: 10 years from the date of allotment

Dividend Policy: Distributed from profits; remainder reinvested

Listing: Will be listed on Nepal Stock Exchange (NEPSE)

Management Fee: 1.5% of net asset value

Depository Fee: 0.2% of net asset value

Fund Rating:

ICRA Nepal: ICRA NP Issuer Rating A- to the fund sponsor

Infomerics Credit Rating Nepal: IRN AMC Quality 3 to the fund manager

Asset Allocation:

Equity and related instruments: 70–90% (High risk)

Fixed income instruments: 0–10% (Medium risk)

Fixed deposits: 0–10% (Low risk)

Cash/IPOs/Other mutual funds: 0–10% (Low risk)

Why Invest in Samunnat Yojana–2?

Professionally managed by Nepal’s first pure merchant banker

Diversified portfolio exposure

Transparent operations

Tax benefits

Affordable entry with units priced at NPR 10

Easy application through ASBA-member BFIs, or online via MeroShare (C-ASBA system)

Projected Returns:

According to Global IME Capital, the fund is projected to deliver an average annual return of 22.49%, translating to a total return of 224.96% over 10 years. The Internal Rate of Return (IRR) is expected at 16.88%. Projected annual dividends may range between 8% to 20% for the first nine years.

Previous Fund Performance:

Global IME Mutual Fund has already operated two schemes:

Samunnat Yojana–1: Delivered 104% dividends in 7 years and 10.16% repurchase return.

Balanced Fund–1: Currently active with a fund size of NPR 1.025 billion, on a 10-year term.

Global IME Capital, the fund manager, is Nepal’s pioneering merchant banker established in 2008, and licensed by SEBON. The capital is majority-owned (81.5%) by Global IME Bank Ltd.

Investors can apply for units through SEBON-approved ASBA member banks and financial institutions and their designated branches or through MeroShare online platform using the C-ASBA system.

With strong credit ratings, professional fund management, and a promising return profile, Global IME Samunnat Yojana–2 is poised to attract both retail and institutional investors looking for long-term diversified investment opportunities in Nepal’s capital market.