SEBON gives final approval to Siddhartha Investment Growth Scheme 2; Siddhartha Capital to issue 14 Crore units at par
Fri, Jul 12, 2019 11:50 AM on Latest, Mutual Fund, Stock Market,
Securities Board of Nepal (SEBON) has approved the 'Siddhartha Investment Growth Scheme 2' worth Rs 1.40 arba. The scheme will be floating 14 crore unit shares each at a par value of Rs 10 per share.
The trustee of the Fund is Siddhartha Bank Limited, while the fund manager is Siddhartha Capital Limited.
Currently two Mutual Funds of Siddhartha Capital are in market. They are Siddhartha Equity Oriented Scheme (SEOS) and Siddhartha Equity Fund (SEF). Their NAV as of Jestha 2076 stands at Rs 11.23 and Rs 11.27 respectively.
Out of the two schemes, SEOS is due to mature on 4th Shrawan, 2076, due to which the scheme is liquidating its secondary market investments. Previously, Siddhartha Investment Growth Scheme 1 had matured on 9th Poush, 2074 with LTP of Rs.20.09. It had distributed total of 124.5% cash dividend to its unit holders in a period of 5 years.
