Deadline To Apply For "RBB Mutual Fund 2" Has Been Extended Till Baisakh 31
Thu, May 4, 2023 10:03 AM on Latest, Mutual Fund,
RBB Merchant Banking has extended the deadline of the mutual fund scheme "RBB Mutual Fund 2" to the general public till 31st Baisakh. The issue opened on the 17th Baisakh and was supposed to close today i.e. 21st Baisakh, 2080. However, since the issue manager didn't receive enough applications, the issue has been extended till Baisakh 31.
Out of 12 crore unit shares; 15% or 1.80 crore units worth Rs. 18 crores have been allocated to the fund sponsor Rastriya Banijya Bank Limited. The remaining 10.20 crore units will be issued to the general public.
"RBB Mutual Fund 2" is a closed-end fund that will be traded in NEPSE. It has a maturity period of 10 years. Applicants can apply for a minimum of 100 units to a maximum of 12,000,000 units.
As of now, RBB Merchant Banking Limited has been managing one close-end fund i.e. RBB Mutual Fund 1 (RMF1) in the market.
