Machhapuchchhre Capital Limited has announced an extension of the deadline for its MBL Equity Fund scheme. Originally scheduled to close on 26th Falgun, 2081, the application period has now been extended to 7th Chaitra, 2081. The fund, which opened on 22nd Falgun, 2081, did not receive sufficient applications, prompting the extension.
MBL Equity Fund Overview
- Total Units: 12 crore units worth Rs. 1.20 Arba.
- First Phase Issuance: 14% (1.68 crore units worth Rs. 16.80 crores).
- Allocation Breakdown:
- Fund Sponsor (Machhapuchchhre Bank Limited): 15% (1.80 crore units worth Rs. 18 crore).
- Scheme Manager: 1% (12 lakh units worth Rs. 1.20 crore).
- General Public and Institutions: 10.20 crore units worth Rs. 1.02 Arba.
- Fund Type: Closed-ended mutual fund.
- Application Range: Minimum 100 units, maximum 1.20 crore units.
Application Status
According to the Central Depository System and Clearing Limited (CDSC), as of 5 PM on 26th Falgun, 2081:
- Total Applicants: 29,448.
- Units Applied For: 2,93,80,030 units worth Rs. 29.38 crore.
Conclusion
The extension of the application deadline for the MBL Equity Fund provides additional time for investors to participate in this closed-ended mutual fund scheme. With a significant portion of the fund allocated to the general public and institutions, this scheme offers an opportunity for investors to diversify their portfolios.
Machhapuchchhre Capital Limited encourages interested individuals and institutions to apply before the new deadline of 7th Chaitra, 2081. This move reflects the company’s commitment to ensuring broader participation and achieving the fund’s objectives.