Deadline To Apply For Siddhartha Capital's Mutual Fund Scheme "Siddhartha Investment Growth Scheme-3" Has Been Extended Till Baisakh 10
Wed, Apr 12, 2023 8:03 AM on Latest, Mutual Fund,
Siddhartha Capital Limited has extended the deadline of the mutual fund scheme "Siddhartha Investment Growth Scheme-3" to the general public till the 10th Baisakh, 2080.
The issue of Siddhartha Capital Limited's close-end mutual fund scheme "Siddhartha Investment Growth Scheme-3" opened on 26th Chaitra and was supposed to close today i.e. 29th Chaitra, 2079. Since the issue was not fully subscribed now it will be extended till Baisakh 10.
Out of 12 crore unit shares, 10% i.e. 1.2 crore units worth Rs. 12 crores have been allocated to the fund promoter Siddhartha Bank Limited whereas 5% i.e. 60 lakh units have been allocated to the fund manager Siddhartha Capital. Therefore, the remaining 10.20 crore units will be issued to the general public.
"Siddhartha Investment Growth Scheme-3" is a close-end fund and has a maturity period of 10 years. Applicants can apply for a minimum of 100 units to a maximum of 1,20,00,000 units.
According to CDSC, a total of 10,303 applicants have applied for 1,54,49,590 units worth Rs. 15.44 Crore so far. This data is as of yesterday evening.
This is the sixth mutual fund scheme of Siddhartha Capital.
As of now, Siddhartha Capital has been managing two closed-end funds i.e Siddhartha Equity Fund (SEF) and Siddhartha Investment Growth Scheme-2 (SIGS2), and one open-end scheme Siddhartha Systematic Investment Scheme (SSIS) in the market. The other two mutual fund schemes, Siddhartha Equity Oriented Scheme (SEOS) and Siddhartha Investment Growth Scheme-1 (SIGS1) have already matured.
