The capital is issuing Kumari Equity Fund from February 26. It is issuing 80 million mutual fund units worth Rs 800 million with a face value of Rs 10. This is a 10 yearly close-ended scheme.
Out of the total offered units, 15 percent has been secured for its promoter Kumari Bank. The remaining 68 million is being issued to the general public.
The interested investors can apply for a minimum of 100 and a maximum of 8 million units of mutual fund units.
The interested applicants can apply from all ASBA approved BFIs and meroshare.
