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SEF Current NAV : 13.88 as on 2021-10-15
SEF Current NAV : 13.88 as on 2021-10-15

MUTUAL FUND

Siddhartha Systematic Investment Scheme (SSIS)

Siddhartha Systematic Investment Scheme (SSIS), is an open-end scheme with an initial corpus fund of NPR. 20 crores. The objective of the scheme is to generate long term capital appreciation and income distribution to investors from a portfolio that is predominantly invested in equity and equity related securities. The features of Siddhartha Systematic Investment Scheme (SSIS) are:
  1. Dividend Re-investment Plan
    1. Dividend Option
    2. Growth Option
  2. Systematic Investment Plan (SIP)
  3. Purchase/Redemption on daily Net Asset Value (NAV)
A. Scheme Name Siddhartha Systematic Investment Scheme
B. Scheme Type Open -ended Scheme
C. Initial Issue Size NPR. 20 crores
D. Per unit price NPR. 10
E. Entry Load None
F. Exit Load
  • 1.5% of applicable NAV within 3 year of purchase
  • No exit load to be levied after 3 years of purchase
G. Listing of Units The units shall not be listed at the Nepal Stock Exchange (NEPSE) and the units shall be purchased and redeemed through the Fund Manager and the authorized distribution agents appointed by the Fund Manager
H. Systematic Investment Plan (SIP)
I. Dividend Re-Investment Plan Unit holders can select options from re-investing their dividends through
  • Growth Option (dividend can be reinvested by purchasing additional units), or
  • Dividend Option (dividend to be paid out to unit holders at the time of dividend distribution)
J. Redemption/Resale of units
  • 3 months from the date of allotment (Applicable exit load shall be levied on applicable NAV as per point F.)
  • Redemption/Resale of units can be done through the Fund Manager, Distribution outlets and through online medium
K. Fund Management & Depository Fees 1.50% and 0.20% of applicable NAV
L. Fund Supervisor’s Fee As per approved Prospectus of the scheme
M. Credit Rating
  1. Asset Management Company
    AMC 3+ (Highest rating awarded in the industry)
  2. Fund Sponsor
    A-