Citizens Capital Acknowledges All Involved Parties for Successful Public Issue of Citizens Super 30 Mutual Fund

Citizens Capital has acknowledged all involved parties for the successful public issue of "Citizens Super 30 Mutual Fund."

Citizens capital issued a press release, stating that the subscription of the mutual fund scheme has been completed on Baisakh 31. Furthermore, the company stated that Rs. 75 crores had been collected via applications. 

The manager for other two close-ended mutual funds as well-- including Citizens Mutual Fund-1 (CMF1) and Citizens Mutual Fund-2 (CMF2)--Citizens Capital took the opportunity to extend its gratitude for the successful public issue of '30CSMF' and writes "A hearty thank you to all those who assisted for the issuance of the mutual fund including investors, SEBON, C-ASBA member banks and financial institutions, all well-wishers and regulatory bodies."

The capital assured that constant co-operation of stakeholders has motivated the company to better its commitment to provide improved services. 

Earlier, Citizens Capital had issued 10 crore unit shares under the "Citizens Super 30 Mutual Fund" scheme from 6-10 of Baisakh, 2080.  However, since the issue manager didn't receive enough applications, the issue was extended from 20th Baisakh, 2080 and closed on the last day of Baisakh. 

Among the 10 crore unit shares; 15% or 1.50 crore units worth Rs. 15 crores had been allocated to the fund promoter Citizens Bank International Limited whereas the remaining 8.5 crore units were for the general public.

"Citizens Super 30 Mutual Fund" is a closed-end fund that will be traded in NEPSE. It has a maturity period of 10 years. Applicants could have applied for a minimum of 100 units to a maximum of 10,000,000 units.