Public Issue "Reliable Samriddhi Yojana" Mutual Fund Scheme Closing Today
Tue, Apr 22, 2025 8:52 AM on Latest, Mutual Fund,
Reliable Capital Limited is closing the issue of its mutual fund scheme "Reliable Samriddhi Yojana" to the general public today, 9th Baishakh, 2082. The issue opened on the 3rd Baishakh, 2082, and was supposed to close on the 7th Baishakh, 2082. However, since the issue manager didn't receive enough applications, the issue was extended until today.
Out of 10 crore unit shares, 1%, i.e., 10 lakh units worth Rs. 1 crore, have been allocated to the scheme manager, Reliable Capital Limited, and 14%, i.e., 1,40,00,000 units worth Rs. 14 crores, have been allocated to the fund sponsor, Reliable Nepal Life Insurance Limited. The remaining 8,50,00,000 units worth Rs 85 Crore will be issued to the general public and institutions.
According to CDSC, a total of 56,312 applicants have applied for 11,08,98,440 units worth Rs. 1.10 Arba so far. This data is as of 5 p.m. yesterday.
"Reliable Samriddhi Yojana" is a closed-ended fund. Applicants can apply for a minimum of 100 units to a maximum of 1.00,00,000 units.
This is the first mutual fund scheme that Reliable Capital Limited will manage.
