Reliable Samriddhi Yojana, Nepal’s first mutual fund promoted by an insurance company, has been officially listed on NEPSE and will begin trading from Asar 10.
Reliable Samriddhi Yojana, Nepal’s first mutual fund initiated by the insurance sector, has been listed on the Nepal Stock Exchange (NEPSE) as of Monday, Asar 9, 2082. The fund has been promoted by Reliable Nepal Life Insurance and is managed by Reliable Investment and Merchant Capital Limited.
This mutual fund has been listed under the trading symbol ‘RSY’ and includes 12 crore units. It is a closed-end mutual fund with a maturity period of 10 years.
According to the official announcement, trading of the fund’s units will begin on NEPSE from Asar 10, 2082.
Reliable Samriddhi Yojana holds the distinction of being the first mutual fund introduced from the insurance industry in Nepal. The public offering of its units took place between Baisakh 3 to Baisakh 7, 2082.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
