Himalayan Capital’s mutual fund scheme, Himalayan 80-20, has witnessed significant demand, with applications exceeding the available units by 1.076 times, as reported by the Central Depository System and Clearing Limited (CDSC). The application period ended with more applications than units available.
By 5:06 p.m. on Friday, the scheme had received applications for 9.14 crores 61 thousand 820 units, while Himalayan Capital had initially issued 85 million units for the public.
In total, 4 lakh 61 thousand 141 applications were submitted for mutual fund units, resulting in a collection of 1 crore 46 lakh 18 thousand 200 rupees from these applications.