From today, 22nd Falgun, 2081, Machhapuchchhre Capital Limited is launching its closed-end mutual fund initiative, “MBL Equity Fund,” which will run until 26th Falgun, 2081. If the full subscription is not reached by the early closing date, the offer may be extended until 7th Chaitra, 2081.
In the introductory phase, a total of 1.68 crore units valued at Rs. 16.80 crores, comprising 14% of the overall 12 crore unit shares totaling Rs. 1.20 Arba, will be released by Machhapuchchhre Capital. Out of these, 15%—or 1.80 crore units worth Rs. 18 crore—are designated for the fund’s sponsor, Machhapuchchhre Bank Limited. In addition, 1%, equivalent to 12 lakh units valued at Rs. 1.20 crore, has been assigned to the scheme manager. The remaining 10.20 crore units, with a total worth of Rs. 1.02 Arba, will be available to the general public and institutions starting today.
The MBL Equity Fund operates on a closed-end basis. Participants can apply for a minimum of 100 units, up to a maximum of 1,20,000 units.
This marks the inaugural mutual fund scheme managed by Machhapuchchhre Capital Limited.
