Public Issue of "Citizens Super 30 Mutual Fund" Mutual Fund Scheme Opening From Today
Wed, Apr 19, 2023 7:23 AM on Mutual Fund, Latest, IPO/FPO News,
Citizens Capital Limited is opening the issue of its closed-end mutual fund scheme "Citizens Super 30 Mutual Fund." The issue will open from today i.e. on 6th Baisakh and will 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 today.
"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.
