Himalayan 80-20 Mutual Fund Scheme Sees Overwhelming Response

The mutual fund scheme known as Himalayan 80-20, issued by Himalayan Capital, has received an application volume exceeding the demand by 1.076 times. According to the Central Depository System and Clearing Limited (CDSC), applications for mutual fund units surpassed the demand until the last day of the application period.

As of 5:06 p.m. on Friday, applications were received for 9.14 crores 61 thousand 820 units in the MF scheme named Himalayan 80-20, while Himalayan Capital had issued 85 million units to the general public.

Himalayan Capital had offered 10 million units valued at Rs 1 billion at a marked rate of Rs 10 per unit. Out of the total units issued, 15 percent (15 million units) were reserved for the promoter Himalayan Bank, and the remaining 85 million units were made available to the general public.

Under the "Himalayan 80-20" plan, 80 percent of the capital will be invested in long-term investments with compounding returns in the capital and financial market. The remaining 20 percent will be actively managed based on market dynamics to provide investors with the highest returns. This approach is overseen by experienced fund managers at Himalayan Capital Limited.

Himalayan Capital Limited serves as the issuing and selling manager for the fund. It's important to note that this is a close-ended mutual fund with a tenure of 10 years.