The Citizens Sababhahar Scheme under Citizens Mutual Fund has opened for public subscription from Asar 13, offering 4.25 crore units at NPR 10 each to investors.
Units of the Citizens Sababhahar Scheme, operated under the Citizens Mutual Fund, are now available for purchase starting from Asar 13. The Nepal Securities Board granted approval for the sale of this open-ended scheme’s units on Asar 2.
A total of 5 crore units have been issued under the scheme, each with a face value of NPR 10. Of these, 75 lakh units or 15% of the total offering, will be retained by Citizens Bank International as seed capital. The remaining 4 crore 25 lakh units have been made available for the general public.
According to the scheme manager, Citizens Capital, investors can apply to purchase a minimum of 100 units and up to a maximum of 50 lakh units. Applications can be submitted through any C-ASBA-approved banks and financial institutions, or online via CDSC’s Meroshare platform.
The earliest closing date for unit sales is Asar 17 after banking hours. If the required volume of applications is not received by then, the sale period may be extended until Asar 27.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
