Deadline To Apply For Laxmi Capital Market's Mutual Fund Scheme "Laxmi Value Fund II" Has Been Extended Till Shrawan 19
Wed, Jul 26, 2023 10:24 AM on Latest, Mutual Fund,
Laxmi Capital Market Limited has extended the deadline of the mutual fund scheme "Laxmi Value Fund-II" to the general public till the 19th Shrawan. The issue opened on the 5th of Shrawan and was supposed to close on the 9th of Shrawan, 2080. However, since the issue manager didn't receive enough applications, the issue has been extended till Shrawan 19.
This is a closed-end mutual fund scheme that will be floating 8 crore unit shares each at a par value of Rs 10 per share. Out of 8 crore unit shares; 15% or 1.20 crore units worth Rs. 12 crore have been allocated to the fund sponsor Former Laxmi Bank Limited whereas the remaining 6.80 crore units will be issued to the general public from 5th Shrawan.
It has a maturity period of 10 years. Applicants can apply for a minimum of 100 units to a maximum of 8,000,000 units.
According to CDSC, a total of 27,781 applicants have applied for 12,597,970 units worth Rs. 12.59 Crore so far. This data is as of 10 am this morning.
As of now, Laxmi Capital Market is managing two closed-end funds i.e Laxmi Equity Fund (LEMF) and Laxmi Unnati Kosh (LUK), and one open-end fund i.e Shubha Laxmi Kosh (SLK) in the market.
