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SEF Current NAV : 9.44 as on 2024-04-05
SEF Current NAV : 9.44 as on 2024-04-05

MUTUAL FUND

Siddhartha Investment Growth Scheme 3 (SIGS 3)

SchemeSiddhartha Investment Growth Scheme – 3
Nature of the SchemeClose-Ended Fund
Fund NameSiddhartha Mutual Fund
Investment ObjectiveTo 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.
CorpusNPR. 1.2 billion Corpus; amount may reach a maximum up to NPR 1.5 billion if oversubscribed.
Price per UnitNPR 10.00
Seed CapitalMinimum 18,000,000 Units or 15 % of schemesize.
New Fund Offer Unit120,000,000 Units
Minimum Unit to Apply100 Units
Maximum Unit to Apply12,000,000 Units
Issue Open Date2079/12/26
Maturity10 Years
Allotment of UnitsThe units shall be allotted as per Securities Issues and Allotment Directive, 2074.
Dividend Payout StrategygDividend will be paid out of realized profits
ListingUnits shall be listed and traded in Nepal Stock Exchange (NEPSE).
Entry LoadNone
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.