Deadline To Apply For Himalayan Capital's Mutual Fund Scheme "Himalayan 80-20" Has Been Extended Till Bhadra 15

Himalayan Capital Limited has extended the deadline of the mutual fund scheme "Himalayan 80-20" to the general public till Bhadra 15, 2080. The issue opened on the 32nd Shrawan and was supposed to close today i.e. on 4th of Bhadra, 2080. However, since the issue manager didn't receive enough applications, the issue has been extended till Bhadra 15.

Out of 10 crore unit shares; 15% or 1.50 crore units worth Rs. 15 crores have been allocated to the fund sponsor Himalayan Bank Limited whereas the remaining 8.50 crore units were issued to the general public from 32nd Shrawan.

"Himalayan 80-20" is a closed-end fund that will be traded in NEPSE. It has a maturity period of 10 years. Applicants can apply for a minimum of 100 units to a maximum of 10,000,000 units. This is the first mutual fund of Himalayan Capital.

According to CDSC, a total of 26,025 applicants have applied for 24,110,980 units worth Rs. 24.11 Crore so far. This data is as of 10 am this morning.