Deadline To Apply For Kumari Capital's Mutual Fund Scheme "Kumari Sabal Yojana" Extended Till Falgun 13
Wed, Feb 14, 2024 7:55 AM on Latest, Mutual Fund,
Kumari Capital Limited has extended the deadline for the mutual fund scheme "Kumari Sabal Yojana" to the general public and institutions till 13th Falgun, 2080. The issue opened on the 28th Magh and was supposed to close today i.e. on the 2nd Falgun, 2080. However, since the scheme didn't receive enough applications, the issue has been extended till Falgun 13.
Out of 10 crore unit shares, 1% i.e. 10 lakh units worth Rs. 1 crore have been allocated to the scheme manager Kumari Capital Limited, 14% i.e. 1.4 crore units worth Rs. 14 crore have been allocated to the fund sponsor Kumari Bank Limited. The remaining 8.5 crore units worth Rs 85 crore will be issued to the general public.
"Kumari Sabal Yojana" is a closed-end fund with a maturity period of 10 years. Applicants can apply for a minimum of 100 units to a maximum of 1,00,00,000 units.
According to CDSC, a total of 15,068 applicants have applied for 1,89,63,790 units worth Rs. 18.96 Crore so far. This data is as of 5 pm yesterday.
As of now, Kumari Capital is managing two closed-end funds i.e. Kumari Equity Fund (KEF), and Kumari Dhanabriddhi Yojana (KDBY), and one open-end fund i.e Kumari Sunaulo Lagani Yojana (KSLY) in the market.
