SEBON Approved Siddhartha Capital’s Mutual Fund Scheme ; "Siddhartha Systematic Investment Plan" To Issue 22 Crore Mutual Fund Units
Summary
The Securities Board of Nepal (SEBON) has approved Siddhartha Capital's closed-end mutual fund scheme 'Siddhartha Systematic Investment Plan', which will issue 22 crore units at Rs 10 each.
Key Points
- SEBON approved the Siddhartha Systematic Investment Plan mutual fund scheme worth Rs 2.20 arba.
- The scheme is a closed-end mutual fund floating 22 crore units at a par value of Rs 10 per share.
- Siddhartha Bank Limited is the sponsor of the fund.
- Siddhartha Capital Limited is the fund manager currently managing three closed-end and one open-end funds.
