Mega Capital To Launch A New Scheme ‘Mega Mutual Fund-2’

March 9, 2022 | Investopaper

Mega Capital Markets Limited is in the process of launching a new mutual fund scheme named “Mega Mutual Fund-2”. For this purpose, the fund manager has already submitted the application to the Securities Board of Nepal (SEBON) on Falgun 11, 2078 BS.

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The close-ended scheme “Mega Mutual Fund -2” will operate under the fund “Mega Mutual Fund”. The fund is planning to issue 10 crores units at a par value of Rs. 10. Hence, the total issue amounts to Rs. 100 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 1.5 crore units of the fund will be purchased by Mega Bank, the promoter bank of the mutual fund, and Mega Capital Markets Limited, the fund manager of the scheme.

After the allotment of the scheme, it will be listed and traded on the Nepal stock exchange.


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