SEBON Approved Citizens Capital's Mutual Fund Scheme ; "Citizens Super 50" To Issue 10 Crore Mutual Fund Units
Summary
SEBON has approved Citizens Capital’s closed-end mutual fund scheme “Citizens Super 50,” worth Rs 1 arba. The 10-year fund will issue 10 crore units at a par value of Rs 10 each, with Citizens Bank International Limited as sponsor and Citizens Capital Limited as fund manager.
Key Points
- SEBON approved the closed-end mutual fund scheme “Citizens Super 50” on Ashwin 07, 2083.
- The scheme is worth Rs 1 arba and will run for 10 years.
- It will issue 10 crore units at a par value of Rs 10 per unit.
- Citizens Bank International Limited is the sponsor, and Citizens Capital Limited is the fund manager.
