Citizens Capital Limited is initiating the offering of its open-ended mutual fund plan “Citizens Sadabahar Yojana” starting today, that is, on the 13th of Ashad, and it will conclude on the 17th of Ashad, 2082. In the event that the subscription is not fully met by the early closing date, the offering may be prolonged until Ashad 27, 2082.
Out of 5 crore unit shares, 15%, specifically 75 lakh units valued at Rs. 7.50 crore, have been designated for the scheme manager, Citizens Bank International Limited, while the remaining 4,25,00,000 units, which equate to Rs. 42.50 Crores, will be made available to the general public and various institutions.
“Citizens Sadabahar Yojana” is classified as a closed-ended fund. Interested applicants may apply for a minimum of 100 units up to a maximum of 50,00,000 units.
