Machhapuchhre Capital Limited is set to launch the Machhapuchhre SIP Scheme through public offering. The scheme operates under the MBL Mutual Fund and will be structured as an open-ended fund.
Starting December 29 (Mangsir 14), the capital will offer 20 million units at a par value of Rs. 10 per unit, amounting to a total issue size of Rs. 200 million.
The total fund size is 50 million units, distributed as follows:
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14% (7 million units) reserved for the fund promoter, Machhapuchhre Bank
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1% (0.5 million units) reserved for the fund manager, Machhapuchhre Capital
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12.5 million units available for the general public
Applications for the units can be submitted until Mangsir 17. If all units are not subscribed within this period, the application deadline may extend to Mangsir 28, according to the company.
