Deadline To Apply For "Citizens Super 30 Mutual Fund" Has Been Extended Till Baisakh 20
Sun, Apr 23, 2023 8:23 AM on Latest, IPO/FPO News, Mutual Fund,
Citizens Capital Limited has extended the deadline of the mutual fund scheme "Citizens Super 30 Mutual Fund" to the general public till the 20th Baisakh, 2080. The issue opened on the 6th Baisakh and was supposed to close today i.e. 10th Baisakh, 2080. However, since the issue manager didn't receive enough applications, the issue has been 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 crores are for the general public.
"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.
According to CDSC, a total of 7,655 applicants have applied for 85,47,010 units worth Rs. 8.54 Crore so far. This data is as of Friday evening.
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.
