Applications for Citizens Sadabahar Yojana can be submitted until Asar 27, with an annual return of 15.10 percent.

Citizens Capital has opened applications for units of its open-ended mutual fund, Citizens Sadabahar Yojana, which will be accepted only until Asar 27. The fund size is Rs. 50 crore with an expected average annual return of 15.10%.

Citizens Capital Limited has announced that applications for units of its open-ended mutual fund, Citizens Sadabahar Yojana, will be accepted only until Asar 27. The fund was launched on Asar 13 under the Citizens Mutual Fund and is promoted by Citizens Bank International Limited.

The total size of the fund is Rs. 50 crore, equivalent to 5 crore units. Out of these, 75 lakh units have been reserved for the fund promoter, Citizens Bank, while 4 crore 25 lakh units have been issued to the general public in the first phase. Investors can apply for a minimum of 100 units and up to a maximum of 50 lakh units. The Securities Board of Nepal (SEBON) granted Citizens Capital permission to operate this open mutual fund on Asar 2.

Applications to purchase units can be submitted through investors’ “Mero Share” accounts or through C-ASBA member banks, financial institutions, and their designated branches. The scheme allows investors to buy a minimum of 100 units and a maximum of 500,000 units, which corresponds to a minimum investment of Rs. 1,000 and a maximum of Rs. 5 crore, considering the unit price is Rs. 10 per unit. Financial projections estimate an average annual return of 15.10% for this scheme.

Citizens Capital Limited continues to expand its full range of financial services, including financial advisory, portfolio management services (PMS), and mutual funds. The company is led by Chairman Rajendra Lal Shrestha and CEO Sabir Bade Shrestha.

As a subsidiary of Citizens Bank, Citizens Capital Limited has received permission from SEBON to directly engage with investors. The company’s investors include the Employees Provident Fund and several renowned industrialists and businessmen.

Given the challenges faced by investors outside Kathmandu in directly participating in the capital market, Citizens Capital provides portfolio management services through all Citizens Bank branches nationwide, offering expert and experienced management support to interested investors.

This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.