Rastriya Banijya Bank Promoted "RBB Focus 40" to Issue 8.50 Crore Units Mutual Fund Scheme to General Public From Bhadra 18
Summary
Rastriya Banijya Bank launched the "RBB Focus 40" closed-end mutual fund scheme issuing 8.50 crore units to the public from Bhadra 18, 2082 (Nepali calendar).
Key Points
- RBB Merchant Banking Limited issued an offer letter for the "RBB Focus 40" mutual fund scheme.
- The scheme is a closed-end mutual fund open from Bhadra 18 to Bhadra 22, 2082, with a possible extension to Ashwin 01.
- Out of 10 crore units, 14% are allocated to Rastriya Banijya Bank, and 1% to RBB Merchant Banking Limited as sponsor.
- 8.5 crore units worth Rs 85 crores will be issued to the general public and institutions.
