Last day to apply for the public issue of Citizens Mutual Fund 2; interested investors can apply till 5PM today

Citizens Mutual Fund-2, managed by CBIL Capital Limited and sponsored by Citizens Bank International Limited is closing the public issue of 10 crore units mutual fund scheme worth Rs 1 arba from today Ashad 8, 2076. The interested investors can apply till 5PM today.

The mutual fund is issuing a total of 10 crore units worth Rs 1 arba at face value of Rs 10 per unit. 

Interested people must apply for a minimum of 100 units and they can apply for maximum 2 crore units. Interested applicants can apply through ASBA-approved banks from all 77 districts across the country.

Citizens Mutual Fund 2  is the CBIL Capital Limited second mutual fund scheme, and is a 7-years closed-end fund. Under the current mutual fund regulation, 15% units i.e. 1.50 crore units are reserved for fund manager and fund sponsor. Remaining 8.5 crore units will be floated to the general public.

CBIL Capital Limited is a subsidiary of Citizens Bank International Limited licensed by SEBON to provide merchant banking, issue management, corporate advisory and mutual fund services.

CBIL Capital Limited has already issued 1 mutual funds i.e. Citizens Mutual Fund 1 which is a 7 years close ended fund with issue size of Rs 82 crore and its Chaitra end NAV was Rs 10.78, whereas, last week NAV has increased to Rs 11.51.

Currently, there are 13 mutual fund schemes in the market and all are listed in Nepal Stock Exchange.

Also See:

Citizen Mutual Fund II opens from tomorrow; Information you ought to have before making an investment

Click Here for Offer Letter of Citizens Mutual Fund 2

 List of Existing Mutual Funds and their latest NAV's