Muktinath Capital Closing Issue of ‘Muktinath Mutual Fund-1’ from Today
December 10, 2024 | Investopaper
Muktinath Capital Limited has launched a new mutual fund scheme named “Muktinath Mutual Fund-1”. The fund manager is currently selling the units of the scheme to the general public from Mangsir 20, 2081 BS. Due to full subscription of units, the scheme offering will close on Mangsir 25, 2081 BS.
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The fund is issuing 10 crores units at a par value of Rs. 10. Hence, the total issue amounts to Rs. 100 crores.
Out of the total public issue, 15 percent or 1.5 crore units of the fund will be purchased by Muktinath Bikas Bank, the promoter bank of the mutual fund, and Muktinath Capital Limited, the fund manager of the scheme. Hence, the general public can subscribe for the remaining 8.5 crore units that amounts to Rs. 85 crores.
Interested investors can apply for a minimum of 100 units and a maximum of 1,00,00,000 units.
For this purpose, Securities Board of Nepal (SEBON) has given approval to the company on Karthik 7, 2081 BS. The fund manager had submitted the application to the board on Ashwin 26, 2080 BS seeking permission to float the units to the general public.
The close-ended scheme “Muktinath Mutual Fund-1” will operate under the fund “Muktinath Mutual Fund”.
After the allotment of the scheme, it will be listed and traded on the Nepal stock exchange.
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