The company is issuing 100 million mutual fund units at a face value of Rs 10 per unit. Out of the total offered units, the capital has allocated 13 percent of the total sales unit, or 13 million units, to Muktinath Bikas Bank, the Promoter of the mutual fund, and 2 million to Muktinath Capital, the manager of the fund. The remaining 85 million units will be issued to the general public.
From December 5, interested investors can apply for a minimum of 100 units and a maximum of 10 million units. The issue will close early on December 9 and late on December 19.
The capital will allot the units if the issue gets at least 50 percent subscription, otherwise, the issue will be canceled and applications money will be refunded to the applicants.
The close-ended mutual fund with 10 year of maturity period can be applied through ASBA-approved BFIs and Meroshare.
