Kathmandu. The units of Machhapuchchhre SIP scheme will be opened from November 30.

Machhapuchchhre Capital, the project manager, has issued 20 million units of the mutual fund with a face value of Rs 10 each. The total size of the scheme is 5 crore units. Out of the offered offerings, 14% i.e. 7 million units have been set aside for the fund holder Machhapuchchhre Bank and 1% i.e. 500,000 units have been set aside for the scheme manager Machhapuchchhre Capital. The general public can apply for 1.25 crore units.

Applications for the purchase of units under the scheme can be submitted till December 1. If all the units are not sold at that time, the issue period can be extended till December 12.

Interested bidders can apply for the shares from the Securities Board of Nepal (SEBON) affiliated banks and financial institutions and their designated branches.