The Nepal Securities Board has given approval for the Siddhartha Systematic Investment Plan (SIP) to issue units worth 2.20 arba rupees.
The Nepal Securities Board (SEBON) recently given permission to the Siddhartha Systematic Investment Plan (SIP) for issuing units. This crucial approval allows the SIP to release units worth a total of 2.20 arba rupees.
Following this green light from the board, a total of 22 crore units, each valued at 10 rupees, will now be available for the general public to invest in.
Interestingly, the scheme has already applied to the Securities Board for a larger issuance, totaling 50 crore units. The remaining units from this bigger plan will be issued in several phases once SEBON provides the necessary additional approvals.
Siddhartha Bank is the fund promoter for this scheme, which operates under the Siddhartha Mutual Fund banner. The responsibility for managing the scheme will be handle by Siddhartha Capital.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
