Public Issue "MBL Equity Fund" Mutual Fund Scheme Closing Today
Thu, Mar 20, 2025 7:34 AM on Latest, Mutual Fund,
Machhapuchchhre Capital Limited is closing the issue of its mutual fund scheme "MBL Equity Fund" to the general public today, 7th Chaitra, 2081. The issue opened on the 22nd Falgun, 2081, and was supposed to close on the 26th Falgun, 2081. However, since the issue manager didn't receive enough applications, the issue was extended until today.
Out of 12 crore unit shares, 1%, i.e., 12 lakh units worth Rs. 1.2 crore, have been allocated to the scheme manager, Machhapuchchhre Capital Limited, and 14%, i.e., 1,68,00,000 units worth Rs. 16.80 crores, have been allocated to the fund sponsor, Machhapuchchhre Bank Limited. The remaining 10,20,00,000 units worth Rs 1.02 Arba will be issued to the general public and institutions.
According to CDSC, a total of 57,153 applicants have applied for 10,96,87,140 units worth Rs. 1.09 Arba so far. This data is as of 5 p.m. yesterday.
The MBL Equity Fund is closed-ended. Applicants can apply for a minimum of 100 units and a maximum of 1.20,00,000 units.
This is the first mutual fund scheme that Machhapuchchhre Capital Limited will manage.
