Today is the last day to apply for ‘Reliable Samriddhi Yojana 2’ launched by Reliable Capital Investment & Merchant Capital.
The issue started on 12th May and 100 million units are being offered at face value of Rs 10 per unit. The plan is a 10-year closed-ended mutual fund scheme operated by Reliable Mutual Fund.
Of these units, 14 million units have been allotted to the fund promoter Reliable Nepal Life Insurance, whereas 1 million units have been reserved for the scheme manager, leaving the other 85 million units open to the general public.
Applications for a minimum of 100 units and a maximum of 10 million units can be lodged via any of the ASBA member banks and financial institutions and also through MeroShare.
The issuance will be managed by Reliable Investment & Merchant Capital. CARE Ratings Nepal has given a rating of ‘Care NP Single A Minus’ to the fund promoter and that of ‘Care NP AMC Quality 4 Plus’ to the scheme manager.
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