Public Issue of "Muktinath Mutual Fund 2" Mutual Fund Scheme Closing From Today
Summary
Muktinath Capital Limited is closing the public issue of its closed-ended mutual fund scheme, Muktinath Mutual Fund 2, today after strong oversubscription. The scheme had received applications for more than 10.66 crore units worth Rs. 1.06 arba.
Key Points
- The public issue of Muktinath Mutual Fund 2 is closing today, ahead of the extended deadline, because it was oversubscribed.
- A total of 10 crore units were offered, with portions reserved for the scheme manager Muktinath Bikas Bank Limited and the sponsor Muktinath Capital Limited.
- CDSC says 1,45,968 applicants have applied for 10,66,51,880 units worth Rs. 1.06 arba so far.
- The scheme is closed-ended, and applicants could apply for between 100 units and 1,00,00,000 units.
