SEBON Approved Muktinath Capital's Mutual Fund Scheme ; "Muktinath Mutual Fund 2" To Issue 10 Crore Mutual Fund Units
Summary
SEBON has approved Muktinath Capital’s closed-end mutual fund scheme, Muktinath Mutual Fund 2, worth Rs 1 arba. The fund will issue 10 crore units at a par value of Rs 10 each, with Muktinath Bank as sponsor and Muktinath Capital as fund manager.
Key Points
- SEBON approved Muktinath Capital’s mutual fund scheme, Muktinath Mutual Fund 2, on Bhadra 10, 2083.
- The closed-end fund is a 10-year scheme worth Rs 1 arba and will issue 10 crore units at a par value of Rs 10 each.
- Muktinath Bank Limited is the sponsor of the fund, while Muktinath Capital Limited is the fund manager.
- Muktinath Capital currently manages one closed-end fund in the market.
