Machhapuchchhre Bank Promoted "MBL Equity Fund" to Issue 10.20 crore units Mutual Fund Scheme to General Public From Falgun 22
Fri, Feb 21, 2025 10:44 AM on Latest, Mutual Fund,
Machhapuchchhre Capital Limited has published an offer letter to issue the "MBL Equity Fund" closed-end mutual fund scheme. The issue will open from 22nd Falgun to 26th Falgun, 2081. If not subscribed fully by the early closing date, the issue can be extended till Chaitra 7.
Out of the total 12 crore unit shares worth Rs. 1.20 Arba, 14%, i.e., 1.68 crore units worth Rs. 16.80 crores, will be issued in the first phase by Machhapuchchhre Capital. Among them, 15%, i.e., 1.80 crore units worth Rs. 18 crore, have been allocated to the fund sponsor Machhapuchchhre Bank Limited. In comparison, 1%, i.e., 12 lakh units worth Rs. 1.20 crore, have been allocated to the scheme manager. The remaining 10.20 crore units worth Rs. 1.02 will be issued to the general public and institutions from 22nd Falgun.
"MBL Equity Fund" is a closed-ended fund. Applicants can apply for a minimum of 100 units to a maximum of 1.20,00,000 units.
This is the first mutual fund scheme that Machhapuchchhre Capital Limited will manage.
