Today is the last chance for investors who want to buy units of the Machhapuchhre SIP Scheme under the MBL Mutual Fund. The scheme is promoted by Machhapuchhre Bank and managed by Machhapuchhre Capital.
Application period
The public offering for 2 crore units opened on Mangsir 14. Out of the total issue, 15 percent has already been set aside for the fund promoter and the scheme manager. Machhapuchhre Bank holds 70 lakh units while Machhapuchhre Capital has been allocated 5 lakh units. Anyone interested can apply for at least 100 units and up to 20 lakh units. Applications can be submitted through ASBA-approved banks and financial institutions that are licensed by the Securities Board of Nepal.
Machhapuchhre Capital is handling the overall issue and sales management for this SIP plan. The total size of the scheme is 5 crore units, with only the first 2 crore units opened in the initial phase.
