January 29:  The Assets Under Management (AUM) of NIBL Ace Capital Limited, one of the leading merchant banking and Investment banking company, has reached the size of Rs 4 billion.

Issuing a statement, the company said it has been successful in achieving this milestone of Rs 4 billion AUM as a result of trust shown by the customers towards the service company.

The company said it is committed to develop Portfolio Management Service (PMS) as a more sophisticated, technology-friendly, and profit generating service in the future with the support, cooperation, goodwill and trust of customers.

According to NIBL Ace Capital Limited, PMS is one of these profitable service which has helped many people achieve their goals at best with a well-conceived balance of risk and return.

The merchant banking business at NIBL Ace Capital is structured around three distinct groups of businesses which include PMS, capital advisory and debt funding, both in Nepal and globally, in addition to its investment banking activities, added the statement.

As of now there are more than 1100 ‘satisfied’ customers associated with the PMS and along with this customer base, the size of Asset Under Management (AUM) has now reached to Rs 4 billion, the company further said.

“PMS is a professional service where qualified and experienced portfolio managers construct an efficient portfolio backed with research recommendations. The operation of portfolio is completely administered by the portfolio managers on behalf of their clients. This product aims to create an investment opportunity for all clients associated with the service.”

Since the inception of PMS service, NIBL Ace Capital said it has been providing discretionary and non-discretionary PMS services to its customers.