Another mutual fund scheme in offing, Laxmi Unnati Fund to open application from Chaitra 09, 2076; Fund issuing 8 crore units

Fri, Mar 13, 2020 11:16 AM on Latest, Mutual Fund, Stock Market,
Another mu...

Laxmi Capital Market is opening the issue of Laxmi Unnati Fund from Chaitra 09, 2076 to Chaitra 13, 2076. If the issue isn't fully subscribed, it will extended till Chaitra 23, 2076.

The fund will be issuing a total of 8 crore units with per unit price of Rs 10. The fund sponsor Laxmi Bank (LBL) will be putting 15% as seed fund or 1.20 crore units. The remaining 6.80 crore units will be issued to the general public.

Interested applicants can apply for a minimum of 100 units or a maximum of 80 lakh units.

Announcement

Laxmi Capital Market currently manages two mutual fund schemes. Laxmi Value Fund-1 (LVF1) is a closed-end 5 years mutual fund scheme which began with a fund size of Rs.50 Crore and going to mature on Chaitra 11, 2076 onwards and Laxmi Equity Fund (LEMF) is a closed-end 7 years equity oriented mutual fund scheme which began with a fund size of Rs.1.25 Arba.