Rastriya Banijya Bank Promoted "RBB Focus 40" to Issue 8.50 Crore Units Mutual Fund Scheme to General Public From Bhadra 18
Sun, Aug 17, 2025 7:58 AM on Latest, Mutual Fund,
RBB Merchant Banking Limited has published an offer letter to issue the "RBB Focus 40" closed-end mutual fund scheme. The issue will open from the 18th Bhadra to the 22nd Bhadra, 2082. If not subscribed fully by the early closing date, the issue can be extended till Ashwin 01.
Out of 10 crore unit shares, 14%, i.e., 1.40 crores units worth Rs. 14 crore, have been allocated to the scheme manager, Rastriya Banijya Bank Limited, and 1%, i.e., 10,00,000 units worth Rs. 1 crore, have been allocated to the fund sponsor, RBB Merchant Banking Limited. The remaining 8,50,00,000 units worth Rs 85 Crores will be issued to the general public and institutions.
"RBB Focus 40" is a closed-ended fund. Applicants can apply for a minimum of 100 units to a maximum of 1,00,00,000 units.
