Public Issue "HLI Large Cap Fund" Mutual Fund Scheme Closing Today
Summary
Himalayan Life Insurance Limited is closing the public issue of its 'HLI Large Cap Fund' mutual fund scheme today after receiving applications exceeding the available units.
Key Points
- Himalayan Life Insurance Limited is closing the issue of its 'HLI Large Cap Fund' mutual fund scheme today, 19th Bhadra, 2082.
- The issue opened on 15th Bhadra, 2082 with a total of 40 crore units, half allocated to the scheme manager.
- 50% of units (20 crores) worth Rs. 2 Arba allocated to Himalayan Life Insurance Limited as scheme manager.
- The remaining 20 crore units worth Rs. 2 Arba are offered to the public and institutions.
- So far, 37,844 applicants have applied for 28.92 crore units worth Rs. 2.89 Arba, exceeding the issuance target.
