Reliable Capital Limited is commencing the offering of its closed-end mutual fund initiative “Reliable Samriddhi Yojana” starting today, 3rd Baishakh, 2082, and it will conclude on 7th Baishakh, 2082. If the full subscription is not achieved by the early closing date, the offering may be prolonged until Baishakh 17, 2082.
Of the total 10 crore unit shares, 1%, or 10 lakh units worth Rs. 1 crore, have been designated for the scheme manager, Reliable Capital Limited, while 14%, or 1,40,00,000 units valued at Rs. 14 crores, have been allocated to the fund sponsor, Reliable Nepal Life Insurance Limited. The remaining units, totaling 8,50,00,000 and worth Rs 85 Crore, will be made available to the general public and institutions.
“Reliable Samriddhi Yojana” operates as a closed-ended fund. Applicants have the option to apply for a minimum of 100 units up to a maximum of 1,00,000 units.
This is the inaugural mutual fund scheme that Reliable Capital Limited will oversee.
