A new investment opportunity for the public is here as Reliable Capital Limited launches its first mutual fund scheme, “Reliable Samriddhi Yojana.” The public can apply for units from Baishakh 3 to Baishakh 7, 2082, with the deadline extendable until Baishakh 17 if not fully subscribed.
The scheme has a total of 10 crore units, out of which 1% (10 lakh units worth Rs. 1 crore) is allocated to Reliable Capital Limited, the scheme manager, and 14% (1.4 crore units worth Rs. 14 crores) is reserved for the fund sponsor, Reliable Nepal Life Insurance Limited. The remaining 8.50 crore units worth Rs. 85 crores will be open for subscription to the general public and institutional investors.
As a closed-ended mutual fund, investors can apply for a minimum of 100 units and up to 1 crore units. With this launch, Reliable Capital Limited officially enters the mutual fund market, offering a promising investment avenue.
