Kathmandu. There have been more applications than the demand for the purchase of units of the Citizens’ Balanced Scheme. Citizens Capital Limited is the scheme manager and depository and Citizens Bank International Limited is the fund promoted by Citizens Mutual Fund. More than Rs 1.25 billion has been received from the general and institutional investors for more than Rs 1.25 billion i.e. 25 percent more than what was demanded.
The public offering was opened from December 19 to January 18 after getting permission from the Securities Board of Nepal (SEBON) for the sale of the units.
Also, this scheme operated by Citizens Capital Limited has become one of the mutual funds with the highest number of applications. Citizens Capital Limited has established itself as an efficient, professional and credible institution in the capital market of Nepal due to the attraction of the general public and significant participation from the general public.
The company, a subsidiary of Citizens Bank International, has investments from Employees Provident Fund and reputed industrialists and Rajendra Lal Shrestha as the Chairman and Sabir Bade Shrestha as the Chief Executive Officer.
Citizens Capital Limited provides various services such as Scheme Manager & Depository, Investment Management Services, Securities Underwriting, Issue Manager and Issue Manager, Share Registrar Services and Corporate Advisory Services.
