Kumari Bank Promoted "Kumari Sunaulo Yojana" to Issue 10 crore units Mutual Fund Scheme to General Public from Chaitra 09

Kumari Capital Limited has published an offer letter to issue the open-end mutual fund scheme "Kumari Sunaulo Yojana." The issue will open on 9th Chaitra and close on 13th Chaitra, 2079. If not subscribed fully by the early closing date, the issue can be extended till Chaitra 23.

Out of 10 crore unit shares, 5 crore units will be issued in the first phase at a par value of Rs. 10 per unit. 15% of the total units i.e. 1.50 crore units worth Rs. 15 crores have been allocated to the fund promoter Kumari Bank Limited whereas the remaining 3.5 crore units will be allocated to the general public from 9th Chaitra.

"Kumari Sunaulo Yojana" is an open-end fund, meaning it can't be traded in NEPSE and has no fixed maturity period. Applicants can apply for a minimum of 100 units to a maximum of 50,00,000 units.

As of now, Kumari Capital has been managing two closed-end funds i.e Kumari Equity Fund (KEF) and Kumari Dhanabriddhi Yojana (KDBY) in the market.

Offer Letter