CBIL Capital to issue Citizens Mutual Fund 1 from January 16

Jan 07, 2018 Merolagani

CBIL Capital, a subsidiary company of Citizens Bank is issuing Citizens Mutual Fund 1 from January 16. The capital will issue 100 million of mutual fund units worth Rs 1 billion to the general investors. The interested investors can apply for a minimum of 100 units to the maximum of 2 million units of mutual fund.

On the excessive demand of the mutual fund units, the fund shall increase the volume of issuance by 25 percent to Rs 1.25 billion.

CBIL Capital is a subsidiary company of Citizens Bank. The company provides the services as issue manager, share registrar, portfolio manager, DP services and investment consultant provider.

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