The units of the Machhapuchchhre SIP Scheme have opened for public subscription from today, Mangsir 14. The scheme is operated under the management of Machhapuchchhre Capital Limited.

A total of 2 crore units, each valued at Rs. 10, worth Rs. 20 crore, have been issued for sale.

Open-Ended Scheme

According to the scheme manager, this is an open-ended mutual fund scheme. It operates under the MBL Mutual Fund, and the total size of the fund will be 5 crore units.

Unit Distribution

Of the total units:

• 70 lakh units (14%) are reserved for the fund promoter, Machhapuchchhre Bank.

• 5 lakh units (1%) are reserved for the scheme manager, Machhapuchchhre Capital.

• The remaining 4 crore 25 lakh units will be issued in phases.

  • In the first phase, 1 crore 25 lakh units have been opened for the general public.

Application Deadline

Investors can apply for the units until Mangsir 17.
If the issue is not fully subscribed by that date, the deadline will be extended to Mangsir 28.

Credit Ratings

• Machhapuchchhre Bank (Fund Promoter): CARENP Triple B Plus (Issuer Rating)

• Machhapuchchhre Capital (Scheme Manager): IRN AMC Quality 3 (Infomerics Credit Rating Nepal)

Application Process

Machhapuchchhre Capital Limited is also serving as the issue and sales manager.
Applications can be submitted through:

• All ASBA member banks and financial institutions

• Their designated branches

• The Mero Share platform

Additional Details