LS Capital Extends Application Deadline for ‘LS Horizon 12’ Mutual Fund to May 27
LS Capital Limited has extended the subscription deadline for its mutual fund scheme “LS Horizon 12” to May 27 due to lower-than-expected investor participation.
LS Capital Limited has extended the application deadline for its mutual fund scheme “LS Horizon 12” for both retail and institutional investors until May 27, 2026.
The issue was originally opened on May 13, 2026, and was scheduled to close on May 19, 2026. However, due to lower-than-expected subscription levels, the deadline has now been extended.
Out of a total of 120 million units, 15% (18 million units) have been allocated to the fund manager, Laxmi Sunrise Capital Limited. The remaining 102 million units have been issued to the general public and institutional investors.
According to CDSC, a total of 35,696 applicants have applied for over 111 million units worth approximately Rs. 1.11 billion so far.
“LS Horizon 12” is a closed-ended mutual fund scheme. Investors can apply for a minimum of 100 units and up to a maximum of 12 million units.