The application deadline for the “Kumari Sunaulo Lagani Yojana” mutual fund program from Kumari Capital Limited has been extended till the 23rd Chaitra

The application deadline for the “Kumari Sunaulo Lagani Yojana” mutual fund program from Kumari Capital Limited has been extended till the 23rd Chaitra

The deadline for the general public to participate in the mutual fund plan “Kumari Sunaulo Lagani Yojana” has extend by Kumari Capital Ltd till 23rd Chaitra, 2079.

The open-end mutual fund plan “Kumari Sunaulo Yojana” by Kumari Capital Ltd had its issue open on Chaitra 9 and was schedule to finish today, Chaitra 13, 2079.

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The issue will now continue till Chaitra 23 because there was a partial subscription. 5 crore units are being offered in the first phase at a par value of Rs. 10 each, out of a total of 10 crore unit shares.

15% of the total units, or 1.50 crore units, valued at Rs. 15 crores, have give to Kumari Bank Ltd, the fund’s promoter. While the remaining 3.5 crore units would give to the general public starting in the 9th Chaitra.

“Kumari Sunaulo Yojana” is an open-end fund, which means it has no set maturity date and cannot trade on NEPSE. A minimum of 100 units and a maximum of 50,000 units can request by applicants.

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A total of 19,584 applicants have submit applications for the Kumari Sunaulo Lagani Yojana plan. Totalling 1.40 crore units valued Rs. 14.04 crores as of March 26, 2023.

Now, Kumari Capital is in charge of overseeing two closed-end funds in the market. Kumari Equity Fund (KEF) & Kumari Dhanabriddhi Yojana (KDBY).

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