Citizens Capital Limited has announced an offer letter to launch the “Citizens Sadabahar Yojana,” an open-ended mutual fund scheme. The subscription period will commence from the 13th Ashadh and conclude on the 17th Ashadh, 2082. If the issuance does not reach full subscription by the closing date, it may be prolonged until Ashadh 27.
From a total of 5 crore unit shares, 15%, equivalent to 75 lakh units valued at Rs. 7.50 crore, has been designated for the scheme manager, Citizens Bank International Limited, while the remaining 4,25,00,000 units worth Rs 42.50 Crores will be available for the general public and institutions.
The “Citizens Sadabahar Yojana” operates as a closed-ended fund. Applicants may submit applications for a minimum of 100 units up to a maximum of 50,00,000 units.
