Application Deadline Extended for \\\
The application deadline for purchasing units of the ‘Prabhu Systematic Investment Scheme’ has been extended until Asar 6, 2082. Out of 40 million units at Rs. 10 each, 25 million are available to the public. Investors can apply through ASBA-approved banks, with a minimum of 100 and a maximum of 3.1 million units.
he deadline for applying to purchase units of the ‘Prabhu Systematic Investment Scheme’, operated under the Prabhu Mutual Fund, has been extended due to lower-than-expected demand during the initial offering period. The public offering for the open-ended scheme, launched on Jestha 23, is now open until Asar 6, 2082, unless oversubscribed earlier.
Sponsored by Prabhu Bank and managed by Prabhu Capital Limited, the scheme offers 40 million units at a par value of Rs. 10 per unit. Out of the total offering: 7.5% (3 million units) are reserved for the sponsor, Prabhu Bank,7.5% (3 million units) are reserved for the fund manager, Prabhu Capital and the remaining 25 million units are available to the general public in this initial issuance.
Investors can apply for a minimum of 100 units and up to 3.1 million units. Applications can be submitted through any ASBA-approved banks and financial institutions licensed by the Securities Board of Nepal (SEBON).
Being an open-ended mutual fund, this scheme allows investors to buy and redeem units even after the initial issue, based on the fund\\\