Public Issue of "Reliable Samriddhi Yojana-2" Mutual Fund Scheme Opening From Today

Reliable Investment and Merchant Capital Limited is opening the issue of the "Reliable Samriddhi Yojana-2," a close-ended mutual fund scheme. The issue will open from today, i.e., on the 29th Baishakh, 2083, and close on the 1st Jestha, 2083. If not fully subscribed by the early closing date, the issue can be extended until 12th Jestha, 2083.

Out of 10 crore unit shares, 14%, i.e., 1,40,00,000 crores units worth Rs. 14 crores have been allocated to the scheme manager, Reliable Nepal Life Insurance Limited, and 1%, i.e., 10,00,000 units worth Rs. 1 crores, have been allocated to the fund sponsor, Reliable Investment and Merchant Capital Limited. The remaining 8,50,00,000 units worth Rs 85 Crores will be issued to the general public and institutions.

"Reliable Samriddhi Yojana-2" is a closed-ended fund. Applicants can apply for a minimum of 100 units to a maximum of 1,00,00,000 units.