Reminder: IPO of Kumari Equity Fund (Mutual Fund) Closing Today

Today is the last day to apply for the IPO of Kumari Equity Fund.

Kumari Capital Limited has been issuing 6.80 crore unit Kumari Equity Fund to the general public from Falgun 14, 2077. Although the early closing date was on Falgun 18, the deadline was extended till Falgun 28 since the issue was not yet fully subscribed by then. However, the issuer can close the issue any day after the extension if the fund is subscribed fully.

Thus, the issue will close today at the end of banking hours.

Out of the total Rs 80 crore worth of close-ended mutual fund, the issue manager will allocate 1.20 crore unit mutual fund to the sponsor institution i.e. Kumari bank and the rest has been issued to the general public.

The mutual fund will be managed by experienced fund managers Mr. Surya Prasad Koirala, Mr. Bharat Raj Pokhrel, Mr. Krishna Prasad Gyawali, Mr. Navraj Burlakoti, and Mr. Prajit Timalsina. The fund managers have projected to maintain the NAV of 22.49 by the time the fund is matured and projects to provide 22% average yearly returns, as per the media statement.

Interested investors can apply for a minimum of 100 unit mutual funds to a maximum of 80 lakh units.

Announcement