Rastriya Banijya Bank Promoted "RBB Mutual Fund 2" To Issue 12 crore Units Mutual Fund Scheme To General Public From Baisakh 17
Mon, Apr 17, 2023 10:14 AM on Mutual Fund, Latest,
RBB Merchant Banking Limited has published an offer letter to issue the closed-end mutual fund scheme "RBB Mutual Fund 2." The issue will open on 17th Baisakh and close on 21st Baisakh, 2080. If not subscribed fully by the early closing date, the issue can be extended till Baisakh 31.
Out of 12 crore unit shares; 15% or 1.80 crore units worth Rs. 18 crores have been allocated to the fund sponsor Rastriya Banijya Bank Limited whereas the remaining 10.20 crore units will be issued to the general public from 17th Baisakh.
"RBB Mutual Fund 2" is a closed-end fund that will be traded in NEPSE. It has a maturity period of 10 years. Applicants can apply for a minimum of 100 units to a maximum of 12,000,000 units.
As of now, RBB Merchant Banking Limited has been managing one close-end fund i.e RBB Mutual Fund 1 (RMF1) in the market. RMF1 has an LTP of Rs. 7.40 whereas the NAV of the fund as of Falgun's end is Rs. 10.19.
