Reliable Capital Limited has released an offer letter to launch the “Reliable Samriddhi Yojana” closed-end mutual fund scheme. The opportunity will be available from the 3rd Baishakh to the 7th Baishakh, 2082. If fully subscribed by the early closing date isn’t achieved, the opportunity can be extended until Baishakh 17.
Out of 10 crore unit shares, 1%, which equals 10 lakh units valued at Rs. 1 crore, has been designated for the scheme manager, Reliable Capital Limited, while 14%, equating to 1,40,00,000 units worth Rs. 14 crores, has been allotted to the fund sponsor, Reliable Nepal Life Insurance Limited. The remaining 8,50,00,000 units valued at Rs 85 Crore will be made available to the general public and institutions.
The “Reliable Samriddhi Yojana” is a closed-end fund. Applicants may apply for a minimum of 100 units up to a maximum of 1,00,000 units.
This is the first mutual fund scheme that Reliable Capital Limited will oversee.
