SEBON approves public issue of Siddhartha Equity Fund mutual fund scheme worth Rs 1.20 arba
- ShareSansar, August 31, 2017 on Featured , IPO News , Latest , Stock Market
Securities Board of Nepal (SEBON) has approved the public issue of Siddhartha Equity Fund. The mutual fund scheme is coming out with 12 crore units shares worth Rs 1.20 arba at Rs 10 per unit to the general public.
Siddhartha Equity Fund is a closed-end, 7 year equity oriented scheme with fund size of Rs 1.20 arba. The mutual fund is managed by Siddhartha Capital Market Limited and Siddhartha Bank Limited is its fund sponsor.
Currently, there are 11 mutual fund schemes already in the market.
Siddhartha Capital already has its two mutual fund schemes named Siddhartha Investment Growth Scheme (SIGS1) and Siddhartha Equity Oriented Scheme ( SEOS), both are listed in NEPSE.
Siddhartha Equity Oriented Limited (SEOS) and Siddhartha Investment Growth Scheme-1 (SIGS1)—closed-end 5 years mutual fund schemes, SIGS1 and SEOS have reported net asset value (NAV) of Rs 27.90 and Rs 16.05 respectively in Shrawan end.
Recently, SIGS1 and SEOS have recently proposed 60 percent and 25% cash dividend for its unit holders