Deadline To Apply For Machhapuchchhre Capital's Mutual Fund Scheme "MBL Equity Fund" Extended Till Chaitra 07
Mon, Mar 10, 2025 9:20 AM on Latest, Mutual Fund,
Machhapuchchhre Capital Limited has extended the deadline for the mutual fund scheme "MBL Equity Fund" to the general public and institutions until the 7th Chaitra, 2081. The issue opened on the 22nd Falgun, 2081, and was supposed to close today, the 26th Falgun, 2081. However, since the scheme didn't receive enough applications, the deadline has been extended until Chaitra 07.
Out of the total 12 crore unit shares worth Rs. 1.20 Arba, 14%, i.e., 1.68 crore units worth Rs. 16.80 crores, will be issued in the first phase by Machhapuchchhre Capital. Among them, 15%, i.e., 1.80 crore units worth Rs. 18 crore, have been allocated to the fund sponsor, Machhapuchchhre Bank Limited. In comparison, 1%, i.e., 12 lakh units worth Rs. 1.20 crore, have been allocated to the scheme manager. The remaining 10.20 crore units, worth Rs. 1.02 Arba, will be issued to the general public and institutions.
The MBL Equity Fund is closed-ended. Applicants can apply for a minimum of 100 units and a maximum of 1.20,00,000 units.
According to CDSC, a total of 29,448 applicants have applied for 2,93,80,030 units worth Rs. 29.38 Crore so far. This data is as of 5 pm yesterday.
This is the first mutual fund scheme that Machhapuchchhre Capital Limited will manage.
