Allotment of Siddhartha Investment Growth Scheme 2 concludes; all valid applicants fully allotted

Siddhartha Capital Limited has concluded the allotment process of the issue of “Siddhartha Investment Growth Scheme 2”. The issue worth Rs.1.4 Arba with the maturity of 10 years, closed on Bhadra 5, 2076. The issue had opened since Shrawan 23, 2076.

This fund is managed by Siddhartha Capital Limited and sponsored by Siddhartha Bank Limited. 85% of the total issue i.e. 11.90 crore units was open for general public and remaining 15% i.e. 2.10 crore units had been kept as seed capital for sponsor Siddhartha Bank Limited and fund manager Siddhartha Capital Limited.

As per the issue manager, the issue received 9,225 verified applicants from the general public. The total collection of the issue stood at Rs.1.20 Arba including the seed capital for fund sponsor. All valid applicants have been fully allotted units.

This is the fourth mutual fund managed by Siddhartha Capital Limited. Earlier there was 3 fund in the market viz Siddhartha Investment Growth Scheme 1 (already matured), Siddhartha Equity Oriented Scheme (already matured) and Siddhartha Equity Fund.