Siddhartha Capital to issue its fourth mutual fund scheme "Siddhartha Investment Growth Scheme 2" worth Rs 1.4 arba to general public from today

Thu, Aug 8, 2019 6:50 AM on IPO/FPO News, Latest, Mutual Fund,
Siddhartha...

Siddhartha Capital Limited all sets to open a new close end mutual fund scheme “Siddhartha Investment Growth Scheme 2” worth Rs 1.4 arba with the maturity of 10 years from today (Shrawan 23, 2076) and the closing date is on Shrawan 27, 2076 at the earliest. If the application is not adequately subscribed the closing date will be extended up to Bhadra 20, 2076.

This fund is managed by Siddhartha Capital Limited and sponsored by Siddhartha Bank limited.

The issue will be of 14,00,00,000 units worth Rs 1.4 arba and per unit cost is Rs 10. An investor can apply for minimum of 100 units and maximum of 1.4 crore units.

85% of the total issue i.e. 11.90 crore units will be open for general public and remaining 15% i.e 2.1 crore units will be kept as seed capital for sponsor Siddhartha Bank Limited and fund manager Siddhartha Capital Limited.

This is the fourth mutual fund managed by the Siddhartha Capital Limited. Earlier there was 3 fund in the market viz Siddhartha Investment Growth Scheme 1 (already matured), Siddhartha Equity Oriented Scheme (already matured) and Siddhartha Equity Fund.

SIGS-2 is the continuation of SIGS-1.

Key Performance Indicators of SIGS-1

Dividend Payout Ratio of SIGS-1:

SIGS-1 Brief Overview:

Siddhartha Investment Growth Scheme 2 opens from Shrawan 23; All information you need to know in one place

Click here for SIGS-2 offer letter