Deadline To Apply For Reliable Capital's Mutual Fund Scheme "Reliable Samriddhi Yojana" Extended Till Baishakh 17
Sun, Apr 20, 2025 10:28 AM on Latest, Mutual Fund,
Reliable Capital Limited has extended the deadline for the mutual fund scheme "Reliable Samriddhi Yojana" to the general public and institutions until the 17th Baishakh, 2082. The issue opened on the 3rd Baishakh, 2082, and was supposed to close today, the 7th Baishakh, 2082. However, since the scheme didn't receive enough applications, the deadline has been extended until 17th Baisakh, 2082.
Out of 10 crore unit shares, 1%, i.e., 10 lakh units worth Rs. 1 crore, have been allocated to the scheme manager, Reliable Capital Limited, and 14%, i.e., 1,40,00,000 units worth Rs. 14 crores, have been allocated to the fund sponsor, Reliable Nepal Life Insurance Limited. The remaining 8,50,00,000 units worth Rs 85 Crore will be issued to the general public and institutions.
"Reliable Samriddhi Yojana" is a closed-ended fund. Applicants can apply for a minimum of 100 units to a maximum of 1.00,00,000 units.
According to CDSC, a total of 45,232 applicants have applied for 6,77,98,410 units worth Rs. 67.79 Crore so far. This data is as of 10 am.
This is the first mutual fund scheme that Reliable Capital Limited will manage.
