The NAV report of “Mega Mutual Fund 1 (MMF1)” has been unveiled for the month Baisakh.

“Mega Mutual Fund 1” is a closed-end fund, meaning it can be traded in NEPSE. The fund has a maturity period of 10 years.

10 crore units were issued at a par value of Rs. 10 per unit. The issue was oversubscribed more than 2.37 times and was resized to 125% of its initial size, given the oversubscription.

Thus, the issue began with a fund size of Rs. 1.25 Arba, and has invested Rs. 83.58 crores in listed shares in Baisakh. Rs. 2.46 crores have been invested in non-listed shares and Rs. 12.5 crores in fixed deposits. The fund has Rs. 17.46 crores worth of bank deposits, and Rs. 2.59 crores of other assets.

The fund has reported…


Read full article at ShareSansar.com


Leave a Reply

Your email address will not be published. Required fields are marked *


You May Also Like

Budget positive but challenging for implementation: NCC – |

Nepal Chamber of Commerce (NCC) has observed that the budget government brought…

Too Many Bad News in Single Day: NEPSE Loses 2.17% and Closes at 2,661.44 – |

The NEPSE index closed at 2,661.44 today after losing 58.99 points from…

SEBON Approves 5 More Institutional Investors to Participate in IPOs Via Book-Building Process – |

Securities Exchange Board of Nepal (SEBON) has chosen five more institutions to…

Last Day to Apply for IPO of Emerging Nepal Limited – |

Emerging Nepal Limited is closing its IPO issue today. Investors have till…

IPO of Emerging Nepal Limited Oversubscribed 40.58 Times by 18,02,182 Applicants, IPO Closes on Sunday – |

Emerging Nepal Limited¬†has issued 5,55,600 units worth Rs 5.5 crore as Initial…