Kathmandu, 12th May: Public issue for reliable investment and Merchant Capital Limited’s close-ended mutual fund scheme called Reliable Samriddhi Yojana-2 starts from today, i.e., Baishakh 29, 2083.
It will stay open till Jestha 1, 2083. If there is no subscription made for the fund in its entirety during the earlier-mentioned period, then the deadline will be extended to Jestha 12, 2083.
The investment scheme comprises 10 crore units. Of the total number of units available, 14 percent, or 1.4 crore units, valued at Rs. 14 crore, have been reserved for the scheme manager, Reliable Nepal Life Insurance Limited.
In the same way, 1% or 10 lakh units worth Rs. 1 crore have been set aside for the fund sponsor, Reliable Investment & Merchant Capital Ltd.
The remaining 8.5 crore units worth Rs. 85 crore will be allotted to the general public and institutions.
Applications can be made for a minimum of 100 units and a maximum of 1,00,00,000 units.
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