Siddhartha Bank Promoted "Siddhartha Investment Growth Scheme 3" to Issue 12 crore units Mutual Fund Scheme to General Public from Chaitra 26
Sun, Mar 26, 2023 10:35 AM on Mutual Fund, Latest,
Siddhartha Capital Limited has published an offer letter to issue the closed-end mutual fund scheme "Siddhartha Investment Growth Scheme 3." The issue will open on 26th Chaitra and close on 29th Chaitra, 2079. If not subscribed fully by the early closing date, the issue can 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 from 26th Chaitra.
"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.
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 of the capital.
