Kumari Capital allots its Kumari Equity Fund; revises the size of mutual fund as the issue got over-subscribed

Kumari Capital has allotted its Kumari Equity Fund on Chaitra 5, 2077 where the fund manager had received applications for more mutual fund units than the initially offered 8 crore units.

Per the rule, the mutual fund extended its size by 25% thus allotting 8.5 crore unit mutual fund to 94661 public investors who had applied for 3.92 crore unit mutual fund and 75 institutions who applied for 5.39 crore unit mutual fund.

All the applicants who had applied between 100 to 20 lakh units received the total demanded units where those applying between 25 lakh to 50 lakh unit mutual fund received 24,06,070 units, as per the media statement.