Siddhartha Investment Growth Scheme – 1 trading suspended in NEPSE as fund matures
Sun, Dec 24, 2017 2:51 PM on Latest, Mutual Fund, Mutual Fund, Featured, Stock Market,
Siddhartha Investment Growth Scheme – 1 (SIGS1), the first mutual fund scheme managed by Siddhartha Capital, has matured as of Poush 9, 2074. As a result, its trading has been suspended from Nepal Stock Exchange (NEPSE) and all assets under its management will now be liquidated.
The unit holders will be paid back the Net Asset Value (NAV) after completion of the winding up of the fund. SIGS–1 is a 5 years closed-end fund with fund size of Rs 50 crore.
Its LTP stood at Rs 20.09 and latest weekly NAV stood at Rs 21.33 as of Mangsir 22, 2074.
