Deadline To Apply For NMB Capital's Mutual Fund Scheme "NMB Hybrid Fund L-II" Extended Till Falgun 8
Mon, Feb 10, 2025 9:31 AM on Latest, Mutual Fund,
NMB Capital Limited has extended the deadline for the mutual fund scheme "NMB Hybrid Fund L-II" to the general public and institutions till 8th Falgun, 2081. The issue opened on the 24th Magh and was supposed to close today i.e. on the 24th Magh, 2081. However, since the scheme didn't receive enough applications, the issue has been extended till Falgun 8.
Out of 12 crore unit shares, 1%, i.e. 12 lakh units worth Rs. 1.2 crore, have been allocated to the scheme manager NMB Capital Limited, and 14%, i.e. 1,68,00,000 units worth Rs. 16.80 crores, have been allocated to the fund sponsor NMB Bank Limited. The remaining 10,20,00,000 crore units worth Rs 1.02 Arba will be issued to the general public and institutions.
"NMB Hybrid Fund L-II" is a closed-end fund. Applicants can apply for a minimum of 100 units to a maximum of 1,20,00,000 units.
According to CDSC, a total of 29,641 applicants have applied for 3,53,11,680 units worth Rs. 35.31 Crore so far. This data is as of 5 pm yesterday.
As of now, NMB Capital is managing two closed-end funds i.e. NMB 50 (NMB50), and NMB Sulav Investment Fund - II (NSIF2), and one open-end fund i.e NMB Saral Bachat Fund - E (NMBSBF) in the market.
