Siddhartha Capital to Issue Mutual Fund worth Rs 1.40Bn

Jul 23, 2019 10:54 AM Merolagani

Siddhartha Capital, the subsidiary company of Siddhartha Bank is set to issue ' Siddhartha Investment Growth Scheme 2' after the maturity of its first installment 'Siddhartha Investment Growth Scheme 1'.

The capital is issuing 140 million units of mutual fund units worth Rs 1.40 billion at a face value of Rs 10 from August 8.

The interested investors can apply for a minimum of Rs 100 and maximum of Rs 14 million of mutual fund units.

Previously, Siddhartha Capital issued three mutual funds, out of which two have already matured. The soon to be issued mutual fund will also mobilize its fund to domestic capital market.

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