Mega Bank's 1 billion mega mutual fund opened

Aug Sat 2021 08:44:32

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Mega Bank's 1 billion mega mutual fund opened

Kathmandu. Applications have been opened in Mega Capital's mutual fund from today. Mega Capital Markets Limited has opened the issue and sale of Mega Mutual Fund 1 from (Friday, 21 August).

Capital has sold 100 million units worth Rs 1 billion at a face value of Rs 10 per unit. Out of which, 15 percent of the total units sold or 15 million units have been secured by the fund promoter Mega Bank and the remaining 85 million units have been sold to the public.

The term of the fund is 10 years. This is a closed plan. Investors will be able to apply for a minimum of 100 to 10 million units in the fund. Applications can be submitted to the unit of the fund till September 25.

Investors will be able to apply from all the banks and financial institutions that have received Ashwa permission from the Securities and Exchange Board and also from My Share Web and App. Mega Capital Markets is a wholly owned subsidiary of Mega Bank.