Machhapuchchhre Capital to Launch an Open Ended Scheme ‘Machhapuchchhre SIP Yojana’
July 17, 2025 | Investopaper
Machhapuchchhre Capital Limited is in the process of launching a new mutual fund scheme named “Machhapuchchhre SIP Yojana”. For this purpose, the fund manager has submitted the application to the Securities Board of Nepal (SEBON) on Ashad 30, 2082 BS seeking permission to sell the units to the public.
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The open-ended scheme “Machhapuchchhre SIP Yojana” will operate under “Machhapuchchhre Mutual Fund”. The fund manager is planning to issue 5 crores units at a par value of Rs. 10. Hence, the total issue amounts to Rs. 50 crores.
Only after the permission from the regulatory body SEBON, the mutual fund scheme will be floated to the general public.
Out of the total public issue, 15 percent or 0.75 crore units of the fund will be purchased by Machhapuchchhre Bank Limited, the promoter of the mutual fund.
‘Machhapuchchhre SIP Yojana’ is an open ended scheme. In an open-ended mutual fund, interested investors can purchase or sell the shares in the fund directly from the fund. There is no need to purchase from existing shareholders.
Investing in a mutual fund can be a good strategy for most investors as it offers decent returns at a low level of risk. Mutual funds are managed by professional experts and provide wide diversification.
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