First mutual fund scheme of Prabhu Capital to hit investment floor soon; Prabhu Select Fund to go public with fund size of Rs 1 arba

Prabhu Select Fund, soon to be managed mutual fund scheme under Prabhu Mutual Fund, has received final approval from the SEBON to go public.

The first mutual fund scheme of Prabhu Capital will go public with a fund size of Rs 1 arba where the trustee and fund manager Prabhu Bank and Prabhu Capital will have ownership of 1.50 crore units while the remaining 8.50 crore units will be floated for general and institutional investors.

This close-ended mutual fund has a maturity period of seven years where the fund manager intends to provide around 300% returns to the investors, as per the media statement.

Prabhu Capital has urged all the long-term investors to make the right investment decision by making investment in this mutual fund that will help them reach their investment goals, as per the media statement.