MBL Equity Fund Launched Today

The mutual fund “MBL Equity Fund” has been launched today. A total of 120 million units, priced at 10 rupees each, are being issued. Out of these, 16.8 million units are reserved for the fund promoter, Machhapuchhre Bank, and 1.2 million units for the scheme manager, Machhapuchhre Capital Limited. The remaining 102 million units are open to the general public.

Investors can apply for a minimum of 100 units and a maximum of 12 million units. The issuance will close by March 10 at the earliest, or extend to March 20 if applications are insufficient. Applications can be submitted through ASBA-approved banks, financial institutions, or Meroshare online. This is a 12-year closed-end scheme.