Nepal Breaking NewsBusinessSiddhartha Capital Is Planning To Launch An Open-Ended Scheme Called ‘Siddhartha Systematic...

Siddhartha Capital Is Planning To Launch An Open-Ended Scheme Called ‘Siddhartha Systematic Scheme.’

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Siddhartha Capital Limited intends to sell units of its new scheme, dubbed the ‘Siddhartha Systematic Investment Scheme.’ On Jestha 27, 2078 BS, the (SEBON) granted the fund manager permission to issue shares to the general .

The fund manager, Siddhartha Capital, intends to offer 2 crore units of the program at a par value of Rs 10 unit. As a , the issue size is Rs 20 crores. The scheme will be by the ‘Siddhartha Mutual Fund.’

The Siddhartha Mutual Fund is promoted by Siddhartha Bank. As a result, the bank and its subsidiary Siddhartha Capital will buy 15% of the program, or 30 lakh units. The general public is eligible to register for the remaining 1.70 crore units for Rs 17 crore.

The ‘Siddhartha Systematic Investment Scheme’ is a closed-end fund. An -ended mutual fund allows interested investors to buy or sell shares straight from the fund. There is no requirement to buy from existing shareholders. The scheme’s units will be listed or traded on the stock exchange.

Investing in a mutual fund can be a suitable strategy for investors because it provides strong returns while posing a little . Mutual funds professionally managed and offer a wide range of diversity.

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