Mutual fund schemes starts receiving warm response from general investors; 12 crore unit NMB 50 mutual fund scheme gets over-subscribed within stipulated time

NMB 50 mutual Fund scheme promoted by NMB Bank and issued and managed by NMB Capital has received good response from the general investors as the issue has been over-subscribed by the final day of application i.e. Bhadra 10, 2076.

The bank had issued 12 crore unit of mutual fund which after its over-subscription will be allotted to the applicants even by increasing the size of the fund as legally permissible after verifying all the applications from all ASBA member BFIs, as per the media statement.