Siddhartha Investment growth scheme 2 worth Rs 1.4 arba makes its way to SEBON pipeline
Sun, Feb 24, 2019 2:22 PM on Latest, Mutual Fund, Stock Market,
Siddhartha Bank (SBL) has applied to issue another Mutual Fund Scheme named “Siddhartha Investment growth scheme 2” to Securities Board of Nepal (SEBON).
The issue is worth Rs 1.4 arba issuing 14 crore unit shares.
In addition to this, the company already has two ongoing schemes.
Siddhartha Equity Oriented Scheme (SEOS), a closed end 5 years mutual fund scheme has NAV of Rs 10.51 as of Magh end, 2075
The scheme which began with a total fund of Rs 100 Crore has invested Rs 40 Crore in the listed shares and Rs 3.33 Crore in the public issues, right shares and bonus shares. The scheme has made its investment in 51 companies.
Likewise, Siddhartha Equity Fund (SEF), a closed-end 10 years mutual fund, also managed by Siddhartha Capital Limited NAV stands at Rs 10.62 as of Magh end this year.
SEF began with a total fund of Rs 1.50 Arba, has invested Rs 62.38 Crore in the listed shares and Rs. 2.48 crore in the public issues, right shares and bonus shares. The scheme has invested in 68 companies.
Currently there are 7 mutual fund schemes under SEBON’s pipeline.
Earlier, Siddhartha Investment Growth Scheme – 1 (SIGS1), the first mutual fund scheme managed by Siddhartha Capital, was matured on Poush 9, 2074. SIGS–1 was 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.
