“Citizens Super 30 Mutual Fund” and “RBB Mutual Fund 2” are approved by SEBON

“Citizens Super 30 Mutual Fund” and “RBB Mutual Fund 2” are approved by SEBON

RBB Mutual Fund 2 is a brand-new program that will launch under RBB Mutual Fund. The Securities Board of Nepal (SEBON) grants permission for the scheme manager, RBB Merchant Banking Ltd, to issue securities in this regard.

12 crore closed-end mutual fund units would made available to the general public by RBB Merchant for a minimum of Rs. 10 apiece. As a result, the issue’s value will be Rs. 1.20 Arba.

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RBB Merchant had already released RBB Mutual Fund-1. RBB Mutual Fund-1 is a closed-end fund with a seven-year maturity.

The second mutual fund program from Rastriya Banijya Bank, RBB Mutual Fund – II, will unveiled.

A new mutual fund scheme called Citizens Super 30 Mutual Fund (30CSMF) has also authorize by SEBON under Citizens Capital Ltd. (Formerly CBIL Capital).

At a minimum cost of Rs. 10, Citizens Capital would sell the general public a total of 10 crore units of closed-end mutual fund schemes. Hence, the issuance will be for Rs. 1 Arba.

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Citizens Capital Ltd. now oversees Citizens Mutual Fund-1 (CMF1) and Citizens Mutual Fund-2, two other closed-end mutual fund schemes (CMF2).

The Nepal Stock Exchange now lists 32 closed-end mutual funds, while 6 open-end schemes are traded directly with the corresponding fund manager.

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