Kumari Capital Limited is issuing 6.80 crore unit Kumari Equity Fund to the general public from today i.e. Falgun 14, 2077. The issue closes on Falgun 18 (earliest) and if remains undersubscribed can be extended up to Falgun 28.
Out of the total Rs 80 crore worth of close-ended mutual fund, the issue manager will allocate 1.20 crore unit mutual fund to the sponsor institution i.e. Kumari bank and the rest will be issued to the general public.
The mutual fund will be managed by experienced fund managers Mr. Surya Prasad Koirala, Mr. Bharat Raj Pokhrel, Mr. Krishna Prasad Gyawali, Mr. Navraj Burlakoti, and Mr. Prajit Timalsina.
The fund managers have projected to maintain the NAV of 22.49 by the time the fund is matured and projects to provide 22% average yearly returns, as per the media statement.
Interested investors can apply for a minimum of 100 unit mutual funds to a maximum of 80 lakh units from Falgun 14, 28, 2077.
For more information, visit the official website of Kumari Capital Limited.