Citizens Capital has launched the fourth close-ended scheme, Citizens Balanced Scheme, under Citizens Mutual Fund, with unit issuance open from Poush 4 after receiving approval from SEBON.
The Citizens Balanced Scheme, the fourth close-ended scheme under Citizens Mutual Fund, has officially come into operation. In this scheme, Citizens Bank International Limited serves as the fund promoter, while Citizens Capital Limited acts as the scheme manager. Following approval from the Nepal Securities Board (SEBON), the issuance of units has been opened from Poush 4 and will remain open until Poush 8 (at the earliest) during banking hours.
The scheme has a total size of Rs 1 arba and aims to maintain a balance between risk and return by investing in shares and debentures. Given that the NEPSE index is currently at lower levels, expectations have been raised for favorable returns from the scheme. According to financial projections, the scheme is estimated to generate an average annual return of 14 percent.
Investors can apply for units through the ‘Mero Share’ system as well as via C-ASBA member banks and financial institutions. Applications can be submitted for a minimum of 100 units and a maximum of 1 lakh units. Citizens Capital has recommended that individual investors consider applying for between 1,000 and 2 lakh units.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
