Citizens Capital Closing Issue its First Open Ended Scheme ‘Citizens Sadabahar Yojana’ on Ashad 27
July 11, 2025 | Investopaper
Citizens Capital Limited has launched an open ended scheme named “Citizens Sadabahar Yojana”. The fund manager is currently issuing 5 crore units of its new mutual fund scheme. At a par value of Rs 10 per unit, the total issue size amounts to Rs 50 crores. The scheme will be operated under ‘Citizens Mutual Fund’.
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The scheme offering is open on Ashad 13, 2082 BS. The public issue will close on Ashad 27, 2082 BS.
Citizens Bank is the promoter company of the Citizens Mutual Fund. Hence, the bank along with the fund manager Citizens Capital will purchase 15 percent or 75 lakh units of the scheme. The general public can apply for the remaining 4.25 crore units worth Rs 42.5 crores.
Interested investors can apply for a minimum of 100 units and a maximum of 50 lakh units.
For this purpose, Securities Board Of Nepal (SEBON) has given permission to the company on Ashad 2, 2082 BS. As the fund manager, Citizens Capital had submitted the application to the board on Ashwin 2, 2081 BS seeking approval. Only after the permission from the board, the company can sell the units to the general public.
‘Citizens Sadabahar Yojana’ is an open ended scheme. In an open-ended mutual fund, interested investors can purchase or sell the shares in the fund directly from the fund. There is no need to purchase from existing shareholders.
Investing in a mutual fund can be a good strategy for most investors as it offers decent returns at a low level of risk. Mutual funds are managed by professional experts and provide wide diversification.
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