Citizens Capital’s Mutual Fund Scheme "Citizens Sadabahar Yojana" Worth Rs 50 Crores Added in SEBON Pipeline

The Securities Exchange Board of Nepal (SEBON) has recently added "Citizens Sadabahar Yojana (Open-End)", under preliminary review in the latest list of mutual fund scheme pipeline status published.

Citizens Sadabahar Yojana is an open-end mutual fund scheme that will have a fund size of Rs. 50 Crore divided into 5 Crore units, having a par value of Rs. 10 per unit. The application was sent to SEBON on Ashwin 2. Citizens Capital Limited is the fund manager of the mutual fund scheme. Whereas, Citizens International Bank Limited (CZBIL) is the Fund Sponsor of this scheme.

This is the first open-ended mutual fund, managed by Citizens Capital Limited.