Machhapuchchhre Capital has opened the public issuance of units under the Machhapuchchhre SIP Plan starting today, offering 2 crore units at an issued price of Rs. 10 per unit.
Machhapuchchhre Capital Limited has opened the public issuance and sale of units under its mutual fund scheme, Machhapuchchhre SIP Yojana, beginning today (Mangsir 14). The capital has issued 2 crore units worth Rs. 20 crore at a par value of Rs. 10 per unit.
The open-ended scheme, operated under the MBL Mutual Fund, has a total size of 5 crore units. Of this, 14% (70 lakh units) are reserved for the fund promoter Machhapuchchhre Bank, and 1% (5 lakh units) for the scheme manager Machhapuchchhre Capital. The general public can apply for 1 crore 25 lakh units.
Applications for the units are open until Mangsir 17. If all units are not sold within this period, the issue will remain open until Mangsir 28. Machhapuchchhre Capital itself is serving as the issue and sales manager for the fund.
Investors can apply through ASBA-participating banks and financial institutions licensed by the Securities Board of Nepal, or submit applications online through the C-ASBA system using CDS & Clearing Limited’s Mero Share portal.
For this scheme, CARE Ratings Nepal has assigned the fund promoter a rating of CARENP Triple B Plus, while Infomerics Credit Rating Nepal has rated the scheme manager IRN AMC Quality 3.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
