The capital will issue 120 million units of mutual funds worth Rs 1.20 billion at a face value of Rs 10.
Out of the total offered units, the company has secured 15 percent i.e. 18 million units to Kumari Bank, promoter of the fund. The general public can apply for the remaining 102 million units of mutual funds.
The interested investors can apply for a minimum of 100 and maximum of 12 million units of mutual fund units.
The issue will close early on June 1 and lately on June 9.
The mutual fund with a maturity period of 10 years can be applied from all ASBA-approved BFIs and meroshare.
