Citizen Capital Limited, as the scheme manager, and Citizen Bank International Limited, as the fund promoter, reported that their fourth closed-end mutual fund scheme, ‘Citizen Balanced Plan’, has been oversubscribed. The scheme, approved by the Nepal Securities Board (SEBON), was open for applications from Poush 4 to Poush 18 with a total size of Rs 1 billion. Preliminary data shows that applications from retail and institutional investors totaled over Rs 1.25 billion, exceeding the target by approximately 25 percent.
According to Citizen Capital, the scheme has become one of the most oversubscribed mutual fund plans in Nepal. The strong investor interest demonstrates the company’s credibility, professionalism, and competence in the Nepalese capital market.
Citizen Capital also includes employee provident funds and prominent industrialists among its investors. The company is chaired by Rajendralal Shrestha, with Sabir Bade Shrestha serving as Chief Executive Officer. It provides a range of capital market services including scheme management, depository services, investment management, securities underwriting, issue and sales management, share registrar services, and institutional advisory services.
The company has committed to improving transparency, corporate governance, and risk management, while delivering reliable and competitive services through technology-driven, investor-friendly solutions. Citizen Capital also aims to operate various collective investment schemes in the near future and to provide higher returns from its existing schemes.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
