Kathmandu. The deadline for applying for the purchase of ‘RBB Focus-40’ units operating under RBB Mutual Fund has been extended.
RBB Merchant Banking, the project manager, had opened the sale of units of the scheme from September 15. The issue of this scheme was said to be closed at the earliest on September 15. However, the clause, which did not apply as per the demand, will now be open for sale till September 30.
The mutual fund is going to sell 100 million units worth Rs 1 billion at a face value of Rs 10. Out of the total units, a minimum of 14 million units or a minimum of 14 percent of the total number of units sold have been reserved for the fund promoter Rastriya Banijya Bank and a minimum of 1 million units or a minimum of 1 percent of the total number of units sold have been reserved for the scheme manager RBB Merchant Banking. In the remaining 85 million units, the general public can apply for purchase.
This is a 12-year plan. In this, investors can apply through the banks and financial institutions and their branches participating in the C-ASBA service approved by the Securities Board of Nepal as well as ‘My Shares’ of CDSC. Investors can apply for a minimum of 100 to 10 million units in this scheme.
