Deadline Extended for LS Horizon 12 Mutual Fund; Apply Till May 27 (Jestha 13)

Laxmi Sunrise Capital Limited has officially extended the application deadline for its newly launched mutual fund scheme, "LS Horizon 12," which originally opened for subscription on May 13 (Baisakh 30). Investors now have until May 27 (Jestha 13) to submit their applications, though the issue manager noted that the subscription could close earlier if the scheme becomes oversubscribed. Operating under Laxmi Sunrise Mutual Fund, this is a 12-year close-ended fund offering a total of 120 million units at a face value of Rs 10 per unit. Out of the total units, 18 million have been reserved for the fund promoter, Laxmi Sunrise Bank Limited, leaving the remaining 102 million units open to the general public. Eligible investors can apply for a minimum of 100 units up to a maximum of 12 million units via the Mero Share online platform or through C-ASBA approved financial institutions.