Kathmandu. Machhapuchhre Capital has initiated the process of launching ‘Machhapuchhre SIP Scheme’ worth Rs 500 million.
Capital has filed an application from the Securities Board of Nepal seeking permission to bring this SIP. Capital will make a public issue of this SIP after the securities board gives its approval.
This SIP will be operated under Machhapuchhre Mutual Fund. A total of 50 million units of the scheme will be released to the general public at a face value of Rs 10.
Machhapuchhre Bank is the fund promoter of this SIP.
