Public Issue "Nepal Life Samriddhi Lagani Yojana" Mutual Fund Scheme Closing Today
Summary
Nepal Life Capital Limited is closing the public issue of its mutual fund scheme "Nepal Life Samriddhi Lagani Yojana" today, having received applications exceeding the available unit shares.
Key Points
- Nepal Life Capital Limited is closing the mutual fund scheme issue "Nepal Life Samriddhi Lagani Yojana" today, 4th Magh, 2082.
- Out of the 16 crore unit shares, 14% are allocated to Nepal Life Insurance Limited and 1% to Nepal Life Capital Limited, with the remainder available to the public and institutions.
- 77,711 applicants have applied for 18.73 crore units worth Rs. 1.87 Arba as of now.
- The fund is closed-ended, with minimum application of 100 units and a maximum of 1.6 crore units.
- This is the first mutual fund scheme managed by Nepal Life Capital Limited.
- There are currently 41 closed-end and 12 open-end mutual fund schemes in Nepal's stock market.
