Machhapuchhre Capital has launched unit purchase, repurchase, and sale services under its open-ended collective investment fund, the Machhapuchhre SIP (MSIP) Plan, starting Sunday. According to the prospectus approved by the Nepal Securities Board, investors can buy or sell units within three months after the allocation of units issued in the initial public offering.
The service allows investors to purchase units, participate in SIP, and sell or repurchase units. Interested investors can access the service through the company’s registered office at ZD Complex, Bagdarbar, Kathmandu, or any branch of Machhapuchhre Bank. Digital payment options such as eSewa, Khalti, and Connect IPS are also available for convenient online transactions.
The Machhapuchhre SIP Plan, operated under MBL Collective Investment Fund, is the first open-ended plan of the fund. The total approved size of the plan is 5 crore units, with 2 crore units issued in the first phase at a par value of NPR 10 per unit. The initial allocation received applications from 51,747 investors for a total of 3,19,36,770 units, and units were allocated to all applicants on 2082/09/01 B.S.
Machhapuchhre Capital Limited, a subsidiary of Machhapuchhre Bank Limited, has been providing a range of merchant banking services, including securities underwriting, investment management, issuance and sales management, share registration, deposit membership, and collective investment fund services with approval from the Nepal Securities Board.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
