MBL Equity Fund Fully Subscribed Before Closing Date

Machhapuchchhre Bank Limited (MBL), the fund promoter, and Machhapuchchhre Capital, the scheme manager, have successfully completed the issuance of the MBL Equity Fund, with all units sold before the closing date. The fund was open for application from Falgun 22, 2081, to Chaitra 7, 2081.

This 12-year closed-end mutual fund was issued at Rs. 10 per unit, with a total size of Rs. 1 Arba 20 Crore (12 Crores units). Of these, 14% (1 Crore 68 lakhs units) were allocated to MBL, 1% (12 lakhs units) to Machhapuchchhre Capital, and the remaining 10 Crore 20 lakhs units were available for public investment.

Expressing gratitude, MBL and Machhapuchchhre Capital thanked investors, the Securities Board of Nepal, CDS & Clearing Ltd., banks, financial institutions, media, and stakeholders for their support in ensuring the fund’s successful issuance.