Machhapuchhre SIP, operated under the MBL Mutual Fund, has completed the allotment of its units following oversubscription during the initial offering period.
The unit allotment of the Machhapuchhre SIP scheme has been completed. The scheme, operated under the MBL Mutual Fund and managed by Machhapuchhre Capital Limited, had issued its units from Mangsir 14 to Mangsir 17. The fund has a total size of 5 crore units, and in the first phase, 2 crore units worth Rs 20 crore were offered at a face value of Rs 10 per unit.
As applications were received for more units than those offered, the scheme manager processed all applications submitted within the issue period and completed the unit allotment on Poush 1, including seed capital, to eligible applicants. According to the scheme manager, Machhapuchhre SIP is an open-ended scheme.
Out of the total units, 14 percent or 70 lakh units have been allotted to the fund promoter, Machhapuchhre Bank, while 1 percent or 5 lakh units have been allocated to the scheme manager, Machhapuchhre Capital Limited. From the remaining 4 crore 25 lakh units, 1 crore 25 lakh units were allotted to the general public in the first phase.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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