Laxmi Capital Market Limited to launch new mutual fund scheme, Laxmi Unnati Kosh; SEBON adds issue under preliminary review

Securities Exchange Board of Nepal (SEBON) has added new mutual fund scheme, Laxmi Unnati Kosh, under preliminary review in the latest list of mutual fund scheme pipeline status published.

The mutual fund scheme will have a fund size of Rs.80 Crore divided into 8 Crore units, having par value of Rs.10 per unit. Laxmi Capital Market Limited is the fund manager of the mutual fund scheme.

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 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.