Who We Are
Siddhartha Capital Limited (SCL), a 51% subsidiary of Siddhartha Bank Limited, is the first company in Nepal to procure an operating license to manage mutual funds as of 9th September 2012, following the introduction of Mutual Fund Regulation 2010. Established on 28th September 2012; SCL has played a major role in establishing the Mutual Fund Industry in the country. Likewise, after successful operation of mutual funds, SCL ventured into Merchant Banking in the year 2015 and is a prominent market participant providing Corporate Advisory Services, Issue Management, Underwriting, Portfolio Management Services, Depository Participant and Registrar to Shares. The rating Committee of ICRA Nepal has re-affirmed the Fund Management Quality Rating (FMQR) of AMC Quality 3+ indicating adequate assurances on management quality, company’s established track record in fund management, strong market presence and financial profile.
Siddhartha Bank Limited (SBL), an “A” Class financial institution licensed by Nepal Rastra Bank, is one of the most prominent banks in the country. Established on 24th December 2002, it has expanded its services across the nation through its 183 branches and 3 extension counters. Time and again, it has been recognized as a trustworthy, credible, and technologically advanced banking institution in the Nepali market. SCL has also been providing its products and services through all the branch networks of the bank.
With its ethical approach and dependable services, robust and tested internal controls, SCL aims to provide its clients excellent and affordable investment banking services. SCL aspires to serve financial markets in Nepal with a high level of integrity, transparency, and consistency.
Siddhartha Bank Limited is the Fund Sponsor of Siddhartha Mutual Fund. According to the Mutual Fund Regulation, 2010, a commercial bank that has obtained an “A” class license from the Nepal Rastra Bank (NRB) can be the sponsor of the mutual fund. The fund sponsor is required to register the mutual fund at the Securities Board of Nepal (SEBON).
Siddhartha Bank Limited has registered Siddhartha Mutual Fund at SEBON under the Mutual Fund Regulation, 2010.