The unit allotment for the Citizens Balanced Fund under Citizens Mutual Fund has been successfully completed. The fund had offered a total of 10 crore units at a face value of Rs 10 per unit, of which 1.5 crore units were reserved for Citizens Bank International Limited, and the remaining 8.5 crore units were open to the general public.
The public subscription was open from Poush 4 to Poush 18 (B.S.). Due to oversubscription, the fund size was increased by 25%, raising the total units to 12.5 crore units. The unit allotment was finalized on Magh 4 (B.S.).
Citizens Capital Limited acted as both the fund manager and the issue and sales manager for the scheme, overseeing the subscription and allotment process.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
