The mutual fund, under Citizens Mutual Fund, will mature in 10 years period.
The capital is issuing 100 million mutual fund units worth Rs 1 billion at a face value of Rs 10 per unit on December 19. Out of total units, a minimum of 15 million or minimum of 15 percent of total subscribed units to Mutual Fund Promoter Citizens Bank International. The general public can apply for a minimum of 85 million mutual fund units.
The interested investors can apply from a minimum of 100 and maximum of 10 million mutual fund units.
Interested investors can apply from all C-ASBA approved BFIs and Meroshare.
ICRA Nepal has assigned BBB+ rating to the scheme promoter while AMC Quality 3 rating to scheme manager.
