Himalayan Life Insurance Mutual Fund will open unit sales for its HLI Large Cap Fund from Bhadra 15. The fund, managed by Himalayan Investment Banker and promoted by Himalayan Life Insurance, will issue a total of 40 crore units.
Out of the total, 20 crore units will be reserved for the promoter Himalayan Life Insurance, while the remaining 20 crore units will be available to the public.
Investors can apply for a minimum of 100 units and a maximum of 4 crore units through ASBA-approved banks and financial institutions.
The unit sales will close as early as Bhadra 18 or as late as Bhadra 29, depending on demand. Himalayan Investment Banker Limited is the issue and sales manager for the scheme.
