Public Issue of "Reliable Samriddhi Yojana-2" Mutual Fund Scheme Closing From Today
Summary
Reliable Investment and Merchant Capital Limited is closing the public issue of its mutual fund scheme "Reliable Samriddhi Yojana-2" today due to oversubscription. The scheme allocated units worth Rs. 100 crores to the public and institutions.
Key Points
- Reliable Investment and Merchant Capital Limited is closing the issue of Reliable Samriddhi Yojana-2 mutual fund today due to oversubscription.
- The issue opened on 29th Baishakh, 2083 with an extended deadline initially set for 12th Jestha, 2083.
- 1.4 crore units worth Rs. 14 crores were allocated to Reliable Nepal Life Insurance Limited as scheme manager.
- 10 lakh units worth Rs. 1 crore were allocated to the fund sponsor, Reliable Investment and Merchant Capital Limited.
- 66,799 applicants applied for over 10.59 crore units worth Rs. 1.05 Arba as per CDSC data.
