Kathmandu. Applications can be made for the unit of Prabhu Systematic Investment Scheme from Today, June 15. The Securities Board of Nepal has given permission to open the sale of units worth Rs 400 million under prabhu mutual fund. A total of 40 million units will be issued at a face value of Rs 10.
7 out of total units. Prabhu Bank, the promoter organization of the fund, will get 5 percent and 7 million units. Prabhu Capital, the project manager of the 3 million units, has been kept safe. For the first time, 25 million units will be sold to the general public.
Investors can apply for a minimum of 100 units and a maximum of 3.1 million units. The issue of this open-ended scheme will be closed at the earliest on June 15. If the entire unit is not sold within this period, the issue period may be extended till June 15.
Credit rating company ICRA Nepal has awarded ICRA NP Issuer Rating Triple B minus to the fund promoter while CARE Rating Nepal has given CARE NP AMC Quality 3 Plus rating to the scheme manager.
Investors can apply from banks and financial institutions licensed by the Securities Board of Nepal and their designated branches. I can also apply for a purchase from my shares of CDSC.
