Prabhu Capital Closing Issue of Its Open-Ended Scheme ‘Prabhu Systematic Investment Scheme’ from Today
June 20, 2025 | Investopaper
Prabhu Capital Limited has launched an open ended scheme named “Prabhu Systematic Investment Scheme”. The fund manager is currently issuing 4 crore units of its new mutual fund scheme from Jestha 23, 2082 BS. At a par value of Rs 10 per unit, the total issue size amounts to Rs 40 crores. The scheme will be operated under ‘Prabhu Mutual Fund’.
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Prabhu Bank is the promoter company of the Prabhu Mutual Fund while Prabhu Capital is the fund manager of the scheme. Hence, the bank along with the fund manager will purchase 15 percent or 60 lakh units of the scheme (7.5 percent each). The general public can apply for the 2.5 crore units worth Rs 25 crores.
The public offering will close on Ashad 6, 2082 BS. Earlier, if fully subscribed, the scheme offering was set to close on Jestha 27, 2082 BS. However, due to under-subscription until that period, the deadline for application was extended.
For this purpose, Securities Board of Nepal (SEBON) gave the approval to the company on Chaitra 27, 2081 BS. As the fund manager, Prabhu Capital had submitted the application to the board on Karthik 30, 2079 BS seeking approval. Only after the permission from the board, the company can sell the units to the general public.
‘Prabhu Systematic Investment Scheme’ 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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