Machhapuchchhre Capital Limited has released a proposal letter to launch the “Machhapuchchhre SIP Yojana,” an open-end mutual fund initiative. The offering will commence from the 14th Mangsir to the 17th Mangsir, 2082. If the total subscriptions do not reach completion by the early closing date, the offering may be extended until Mangsir 28.
Of the total of 5 crore unit shares, 14%, which equals 70 crores units valued at Rs. 7 crore, have been designated for the scheme manager, Machhapuchchhre Bank Limited, while 1%, or 5,00,000 units worth Rs. 50 lakh, has been set aside for the fund sponsor, Machhapuchchhre Capital Limited. The balance of 1,25,00,000 units valued at Rs. 12.50 Crores will be made available to the general public and institutions.
“Machhapuchchhre SIP Yojana” is a flexible fund. Participants can apply for a minimum of 100 units and a maximum of 20,00,000 units.
