Deadline Extended for the Issue of "Nabil Flexi Cap Fund" till Mangsir 07; Issue collected Rs 10.54 Crores So Far

Nabil Investment Banking Limited has extended the issue for "Nabil Flexi Cap Fund" mutual fund scheme worth Rs.75 Crores till 7th Mangsir, 2079.

The issue had opened since 23rd Kartik and was supposed to close today i.e 27th Kartik, 2079. However, since the issue manager didn't receive enough application, the issue has been extended till Mangsir 07. The issue will be of 75,000,000 units worth Rs.10 per unit.

15% of the total units i.e. 1,12,50,000 units worth Rs. 11.25 crores have been allocated to the fund promoter Nabil Bank Limited and scheme manager Nabil Investment Banking Limited whereas from the remaining 6,37,50,000 units, 5 crores units is allocated to the general public in the first phase.

This fund is managed by Nabil Investment Banking Limited and sponsored by Nabil Bank. An investor can apply for a minimum of 100 units and a maximum of 75 lakh units.

According to CDSC, 19,681 applicants have applied for a total of 1,05,49,790 units. This data is current as of 10 AM this morning.

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