Citizens Mutual Fund Oversubscribes ‘Santulit Yojana’ Offering

Citizens Capital Limited, fund manager and depository under Citizens Mutual Fund, successfully launched the closed-end “Citizens Santulit Yojana (CSTY)” with a unit price of NPR 10. Originally targeting 10 crore units, the scheme received applications exceeding demand, leading to a 25% increase in size to 12.5 crore units (NPR 1.25 Arba). On Poush 4, 2082, 67,720 eligible applicants were allotted units, with the base capital of 1.5 crore units secured by Citizens Bank International Limited.

Citizens Capital expressed gratitude to investors, banks, financial institutions, regulatory bodies, and media for their support. The company continues to provide fund management, advisory, share registration, and underwriting services, emphasizing transparency, good governance, and investor-friendly technology, with plans for future collective investment schemes offering high returns.