Kathmandu. The units of Machhapuchchhre SIP Scheme have been allocated. Machhapuchchhre Capital Limited, which will be operated under MBL Group Investment Fund, had issued a unit of this scheme from November 30 to November 29.

In the first phase, 20 million units were sold at face value of Rs 10 per unit. According to the project manager, the applications received within the period were processed and the units were allotted to the eligible applicants on December 15 along with the seed capital. This plan is open-minded in nature.

Out of the total offered units, 14% i.e. 70 lakh units have been allotted to fund promoter Machhapuchchhre Bank and 1% i.e. 500,000 units have been allotted to the fund manager Machhapuchchhre Capital while the remaining 4.25 crore units have been allotted to the general public in the first phase.