Deadline To Apply For Kumari Capital Limited's Mutual Fund Scheme "Kumari Sunaulo Lagani Yojana" Has Been Extended Till 23rd Chaitra

Kumari Capital Limited has extended the deadline of mutual fund scheme "Kumari Sunaulo Lagani Yojana" to the general public till 23rd Chaitra, 2079.

The issue of Kumari Capital Limited's open-end mutual fund scheme "Kumari Sunaulo Yojana"  opened on 9th Chaitra and was supposed to close today i.e. 13th Chaitra, 2079. Since the issue was not fully subscribed now it will be extended till Chaitra 23.

Out of 10 crore unit shares, 5 crore units is being issued in the first phase at a par value of Rs. 10 per unit. 15% of the total units i.e. 1.50 crore units worth Rs. 15 crores have been allocated to the fund promoter Kumari Bank Limited whereas the remaining 3.5 crore units will be allocated to the general public from 9th Chaitra.

"Kumari Sunaulo Yojana" is an open-end fund, meaning it can't be traded in NEPSE and has no fixed maturity period. Applicants can apply for a minimum of 100 units to a maximum of 50,00,000 units.

As of 26 March 2023, a total of 19,584 applicants have applied for Kumari Sunaulo Lagani Yojana scheme totally 1.40 crore units worth Rs. 14.04 Crores.

As of now, Kumari Capital has been managing two closed-end funds i.e Kumari Equity Fund (KEF) and Kumari Dhanabriddhi Yojana (KDBY) in the market.

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