8 crore units of Kumari Equity Fund open for sale

Kathmandu. The primary issue of Kumari Bank’s equity fund unit has started from Friday.

Kumari Bank’s subsidiary Kumari Capital has issued 8 crore units at a face value of Rs 10 per unit from Friday.

The company has allotted 6 crore 80 lakh units to the public and 1 crore 20 lakh units to the bank out of a total of 8 crore units.

It is stated that the closing period of the mutual fund, which will continue to sell till Falgun 18, is 10 years. The company has stated that the amount equal to the value of the unit will be distributed to the investors after 10 years.