Reliable Investment and Merchant Capital Limited is set to issue units under its mutual fund scheme from Baisakh 29, 2083. The company is launching a closed-ended scheme named “Reliable Samriddhi Yojana–2”, issuing units at a face value of Rs. 10 per unit. The total size of the fund stands at 10 crore units, equivalent to Rs. 1 billion.
Under the structure of the scheme, certain units have been reserved for institutional stakeholders. The fund promoter, Reliable Nepal Life Insurance, has been allocated 14% or 1.4 crore units, while the scheme manager, Reliable Capital, has been allotted 1% or 10 lakh units. The remaining 8.5 crore units are open for subscription by general investors.
Investors can apply for a minimum of 100 units and a maximum of 1 crore units. The issue will remain open until Jestha 1, and if it is not fully subscribed within this period, the deadline will be extended up to Jestha 12.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
