Last Day to Invest in Muktinath Mutual Fund 1; 8.5 Crore Units Already Fully Subscribed
Tue, Dec 10, 2024 9:54 AM on Latest, Mutual Fund,
Muktinath Capital Limited is closing the issue of its mutual fund scheme "Muktinath Mutual Fund 1" to the general public today, 25th Mangsir, 2081. The issue opened on the 20th of Mangsir and was supposed to close on the 24th of Mangsir, 2081. However, since the issue manager needed to receive more applications, the issue was extended until today.
Out of 10 crore unit shares, 2%, i.e. 20 lakh units worth Rs. 2 crores, have been allocated to the scheme manager Muktinath Capital Limited, and 13%, i.e. 1.3 crore units worth Rs. 13 crores, have been assigned to the fund promoter Muktinath Bikas Bank Limited. The remaining 8.5 crore units worth Rs 85 crore are issued to the general public.
As of 5 p.m. yesterday, CDSC reported that a total of 57,159 applicants have subscribed to 11,76,10,410 units, amounting to Rs. 1.17 Arba, indicating the issue has been fully subscribed.
"Muktinath Mutual Fund 1" is a closed-end fund. Applicants can apply for a minimum of 100 units to a maximum of 1,00,00,000 units.
This is the first mutual fund scheme that Muktinath Capital Limited will manage.
