Prabhu Capital Floats 1 Arba Worth Prabhu Select Fund for Investors to Grab from Today; Know Its Special Features
Wed, May 19, 2021 6:09 AM on IPO/FPO News, Mutual Fund, Latest,
Prabhu Capital is launching its first-ever mutual fund scheme Prabhu Select Fund from today i.e. Jestha 5, 2078. The mutual fund scheme will be closed by Jestha 9 at the earliest whereas by Jestha 15 at the latest.
Prabhu Select Fund is a mutual fund scheme worth Rs 1 Arba. Thus, 10 crore units of Rs 10 face value each will be issued. Prabhu Select Fund is a close-ended scheme with a maturity period of 7 years. The fund projects a 4.08% return to investors in its first year, 22.34% in its second year, 42.16% in its third year, and 130.47% in its eighth year.
14% of the issue has been allocated for the fund promoter Prabhu Bank and 1% for the fund manager Prabhu Capital. The remaining 8.5 crore units will be issued to the general public.
Investors can apply for a minimum of 100 units and a maximum of 8.5 crore units.
The 1 arba worth mutual fund scheme will be managed by highly experienced fund managers experienced in different national and international securities markets for which interested investors can make applications by CASBA approved BFIs and via meroshare online application portal, as per the media statement.
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