Three mutual funds are under preliminary review in SEBON's Pipeline.
Kumari Capital has applied to issue 8 crore units of "Kumari Equity Fund." The application was received on Kartik 28.
On the same day, NIC Asia Capital applied to issue 10 crore units of "NIC Asia Select - 30." If approved, this fund will invest in 30 debentures. SEBON has already approved the issue of NIC Asia Capital's "NIC Asia Dynamic Debt Mutual Fund". This mutual fund will invest exclusively in debt instruments.
Furthermore, Siddhartha Capita has also submitted its application to issue 2 crore units of the "Siddhartha Systematic Investment Scheme." This is an open-ended mutual fund scheme, the application for which was sent on Mangsir 03.