Today is the closing day for the public offering of 10 crore units of the “Citizens Super 30 Mutual Fund” mutual fund scheme
Citizens Capital Limited will stop selling its “Citizens Super 30 Mutual Fund” mutual fund scheme to the general public as of today, or on Baisakh 20, 2080.
The dispute was intended to be resolved by the 10th of Baisakh in 2080, although it actually began on the 6th of Baisakh. The problem was postponed until today, however, because the issue manager didn’t get enough applicants.
Out of 10 billion shares of unit shares, 15%, or 1.50 billion shares worth Rs. 15 crores, have give to Citizens Bank International Ltd, the fund’s promoter, while the remaining 8.5 billion shares are for sale to the general public.
A closed-end fund called “Citizens Super 30 Mutual Fund” will trade on NEPSE. Ten years are need for it to reach maturity. The number of units that applicants can apply for ranges from 100 to 10,000,000.
For a total of 47,295,800 units valued Rs. 47.29 Crore, 15,683 candidates have submitted applications, according to CDSC.
Citizens Mutual Fund-1 (CMF1) and Citizens Mutual Fund-2 (CMF2). These are two close-end funds that Citizens Capital is now in charge of administering.