The capital started issuing the mutual fund units of to the general public from November 30.
The capital is issuing 20 million mutual fund units worth Rs 200 million at a face value of Rs 10 per unit. The open ended scheme will operate under MBL Mutual Fund.
The size of the scheme is of Rs 50 million out of which 14 percent i.e. 7 million units has been secured for scheme promoter Machhapuchchhre Bank and one percent i.e. 0.5 million to scheme manager Machhapuchchhre Capital. The general public can apply for the remaining 12.5 million mutual fund units.
The company has appointed Machhapuchchhre Capital as issue manager. the interested investors can apply from all ASBA approved BFIs and Meroshare.
Care Ratings Nepal has assigned BBB+ rating to the scheme promoter and Informerics Credit Rating Nepal has assigned AMC Quality 3 rating to scheme manager.
