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SEF Current NAV : 9.53 as on 2023-06-02
SEF Current NAV : 9.53 as on 2023-06-02

MUTUAL FUND

Siddhartha Investment Growth Scheme 3 (SIGS 3)

Scheme Siddhartha Investment Growth Scheme – 3
Nature of the Scheme Close-Ended Fund
Fund Name Siddhartha Mutual Fund
Investment Objective To generate returns by investing in a mix of securities comprising of equity, fixed income instruments such as bond, debenture, fixed deposits and other money market instruments.
Corpus NPR. 1.2 billion Corpus; amount may reach a maximum up to NPR 1.5 billion if oversubscribed.
Price per Unit NPR 10.00
Seed Capital Minimum 18,000,000 Units or 15 % of scheme size.
New Fund Offer Unit 120,000,000 Units
Minimum Unit to Apply 100 Units
Maximum Unit to Apply 12,000,000 Units
Issue Open Date 2079/12/26
Maturity 10 Years
Allotment of Units The units shall be allotted as per Securities Issues and Allotment Directive, 2074.
Dividend Payout Strategyg Dividend will be paid out of realized profits
Listing Units shall be listed and traded in Nepal Stock Exchange (NEPSE).
Entry Load None
Fund Sponsor Ratings [ICRANP - IR] BBB+. It indicates moderate degree of safety regarding timely servicing of financial obligations.
Fund Manager Ratings [ICRANP] AMC Quality 3+ (AMC3+). It indicates adequate assurance on the fund management quality.
Siddhartha Investment Growth Scheme-3 (SIGS-3) is a 10-year close-ended scheme and the sixth Mutual Fund scheme launched under Siddhartha Mutual Fund. It was launched on Chaitra 26, 2079 (April 9, 2023) and allotted on Baishak 17, 2080 (April 30, 2023) with a fund size of NPR 805.8 million and a maturity of 10 years (i.e. Baishak 17, 2080 – Baishak 16, 2090). The objective of the scheme is to generate returns by investing in a mix of securities comprising of equity, fixed-income instruments such as bonds, debenture, fixed deposits, and other money market instruments as allowed by prevailing rules/regulations on mutual fund.