Citizens Bank International Promoted "Citizens Super 30 Mutual Fund" to Issue 10 crore units Mutual Fund Scheme to General Public from Baisakh 06
Fri, Apr 7, 2023 10:38 AM on Latest, Mutual Fund,
Citizens Capital Limited has published an offer letter to issue the closed-end mutual fund scheme "Citizens Super 30 Mutual Fund." The issue will open on 6th Baisakh and close on 10th Baisakh, 2080. If not subscribed fully by the early closing date, the issue can be extended till Baisakh 20.
Out of 10 crore unit shares; 15% or 1.50 crore units worth Rs. 15 crores have been allocated to the fund promoter Citizens Bank International Limited whereas the remaining 8.5 crore units will be issued to the general public from 6th Baisakh.
"Citizens Super 30 Mutual Fund" is a closed-end fund that will be traded in NEPSE. It has a maturity period of 10 years. Applicants can apply for a minimum of 100 units to a maximum of 10,000,000 units.
As of now, Citizens Capital has been managing two closed-end funds i.e Citizens Mutual Fund-1 (CMF1) and Citizens Mutual Fund-2 (CMF2) in the market.
