Kathmandu. Securities Board of Nepal (SEBON) has granted approval to Siddhartha Systematic Investment Plan (SIP) for the issuance.
The Securities Board of Nepal (SEBON) has approved the issuance of units worth Rs 2.20 billion of the mutual fund. Now, a total of 22 crore units of face value of Rs 10 will be issued under this scheme.
A total of 50 crore units of the scheme are registered with the Securities Board of India (SEBON). After the approval of the Securities Board of Nepal, the remaining units will also be issued.
Siddhartha Bank Limited is the fund sponsor of the scheme and Siddhartha Capital Limited is the scheme manager.
