New Mutual Fund Scheme 'Siddhartha Equity Fund' Hits the Market

Oct 11, 2017 Merolagani

The issuance of Siddhartha Equity Fund (SIDDEF) promoted by Siddhartha Bank under the management of Siddhartha Capital has been started from today. Earlier, the capital successfully operated Siddhartha Equity Oriented Scheme and Siddhartha Investment Growth Scheme. The capital is issuing 120 million units of mutual fund worth Rs 1.20 billion.

The interested investors can apply for the minimum of 100 units to the maximum of 240,000 mutual fund units from October 11- 15.

Nearly 15 percent mutual fund units have been secured for Siddhartha Bank and remaining 85 percent i.e 102 million units worth Rs 1.02 billion will be issued to the general public.

The investors can apply for the units from Siddhartha Capital as well as all ASBA registered BFIs.

The mutual fund has maturity period of 10 years, however, the unit-holders can trade the mutual fund units in the secondary market after its listing in NEPSE.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM