Public Issue of "RBB Mutual Fund 1" Opening from 23 Ashar
Mon, Jun 28, 2021 9:45 AM on Mutual Fund, Latest,
Rastriya Banijya Bank Limited has published an offer letter to issue the "RBB Mutual Fund 1." The issue will open on 23rd Ashar and close on 27th Ashar, 2078. If not subscribed by the early closing date, the deadline can be extended till Shrawan 06.
10 crore units of Rs 10 face value each will be issued. Thus, the fund is worth Rs. 1 Arba. The fund promoter Rastriya Banijaya Bank will be allocated 13% of the fund and the fund manager RBB Merchant Banking will be allocated 2%. The remaining 8.5 crore units are for the general public.
"RBB Mutual Fund 1" is a closed-end mutual fund scheme, meaning the units of the fund can be traded in NEPSE. The fund has a maturity period of 7 years.
Investors can apply for a minimum of 100 units to a maximum of 1 crore units.
