Kathmandu, December 3 — The Machhapuchchhre SIP Scheme, which opened for public application on 14 Mangsir 2082 B.S., has been fully subscribed in a short period. The fund received more applications than available units, so the issue closes today on 17 Mangsir 2082 B.S.
The scheme is managed by Machhapuchchhre Capital Limited and launched under MBL Samuhik Lagani Kosh with a plan size of 5 crore total units.
The fund issued 2 crore units worth Rs. 20 crore at a face value of Rs. 10 per unit. Out of the total pool, 14% (70 lakh units) is reserved for Machhapuchchhre Bank Limited, 1% (5 lakh units) for the scheme manager, and the remaining 1 crore 25 lakh units were released to the general public in the first phase.
Care Ratings Nepal has provided the bank with a Triple B Plus issuer rating, showing moderate risk, while Infomerics Credit Rating Nepal rated the fund manager with AMC Quality 3, which reflects medium management strength.
Machhapuchchhre Capital Limited is also responsible as the issue and sales manager. Investors can apply through all ASBA-approved banks and offices, and also online via Mero Share.
Machhapuchchhre SIP Scheme Offering Summary
| Offering Detail | Information |
|---|---|
| Scheme Type | Open-ended SIP plan |
| Issue Size (Phase 1 Public) | 1 crore 25 lakh units |
| Total Fund Size | 5 crore units |
| Price Per Unit | Rs. 10 (face value) |
| Units Issued | 2 crore units (Rs. 20 crore) |
| Reserved for Bank | 70 lakh units (14%) |
| Reserved for Manager | 5 lakh units (1%) |
| Rating (Bank) | CARENP Triple B Plus |
| Rating (Manager) | IRN AMC Quality 3 |
| Apply Platforms | ASBA banks + Mero Share |