Public Issue of "Machhapuchchhre SIP Yojana" Mutual Fund Scheme Opening From Today

Machhapuchchhre Capital Limited is opening the issue of the "Machhapuchchhre SIP Yojana," an open-ended mutual fund scheme. The issue will open from today, i.e., on the 14th Mangsir and close on the 17th Mangsir, 2082. If not fully subscribed by the early closing date, the issue can be extended until Mangsir 28.

Out of 5 crore unit shares, 14%, i.e., 70 crores units worth Rs. 7 crore, have been allocated to the scheme manager, Machhapuchchhre Bank Limited, and 1%, i.e., 5,00,000 units worth Rs. 50 lakh has been allocated to the fund sponsor, Machhapuchchhre Capital Limited. The remaining 1,25,00,000 units worth Rs 12.50 Crores will be issued to the general public and institutions.

"Machhapuchchhre SIP Yojana" is an open-ended fund. Applicants can apply for a minimum of 100 units to a maximum of 20,00,000 units.

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