Citizens Santulit Yojana Unit Fund Size Increased
21st January 2026, Kathmandu
The Citizens Santulit Yojana Unit fund has officially undergone a significant size enhancement following strong investor demand, as announced by Citizens Capital Limited, the scheme manager and depository. The notice confirms that the closed-ended mutual fund scheme, operated under Citizens Mutual Fund and regulated by the Securities Board of Nepal (SEBON), successfully attracted applications far beyond its initial target. This overwhelming response prompted an approved increase in the total fund size to accommodate the excess demand.
Citizens Santulit Yojana Unit
Citizens Santulit Yojana is a closed-ended balanced mutual fund scheme promoted by Citizens Bank International Limited and managed by its subsidiary, Citizens Capital Limited. The scheme operates in accordance with the Securities Registration and Issuance Regulation, 2073, and the Collective Investment Fund Regulation, 2067. The fund was issued at a face value of 10 rupees per unit, targeting a balanced investment approach that combines equity and fixed-income instruments to suit moderate-risk investors in Nepal.
Initial Fund Structure and Public Issuance Details
Under the original structure, the Citizens Santulit Yojana Unit fund aimed to issue 100 million units, equivalent to a total fund size of 1 billion rupees (100 crore). As per the regulatory requirements of SEBON:
At least 15 percent of the total units (15 million units) were reserved for the fund promoter, Citizens Bank International Limited.
The remaining 85 million units were offered to the general public through a public issuance.
The public subscription period remained open from Poush 04 to Poush 18, 2081 (December 19, 2025, to January 2, 2026). During this window, the scheme received a massive influx of applications from retail and institutional investors seeking diversified exposure to the stock market and debt instruments of Nepal.
Oversubscription and Strategic Fund Size Expansion
During the issuance period, the scheme received applications for 127,748,860 units worth approximately 1.27 billion rupees from over 70,666 applicants. Due to this oversubscription, and in line with prevailing laws that allow a fund size expansion of up to 25 percent if demand is high, the Citizens Santulit Yojana Unit fund was expanded.
As a result:
The total fund size increased to 1.25 billion rupees (125 crore).
The total number of units was raised to 125 million units.
The promoter share remained at 15 percent of the newly expanded size.
This expansion reflects strong investor confidence in the professional management of Citizens Capital and indicates a healthy appetite for mutual fund products in the capital market of Nepal.
Unit Allotment and Refund Process for Investors
Following the closure of the issue and the approval of the expanded fund size, the unit allotment was officially completed on Magh 04, 2082 (January 18, 2026). The allotment notice confirms that:
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All eligible applicants were allotted units proportionately based on the final expanded pool.
Any excess application amount from investors who did not receive a full allotment is being refunded directly to their respective bank accounts.
Refund processing is being handled through the C-ASBA member banks and financial institutions where the original applications were filed.
Investors can verify their allotment and refund status through official platforms such as Meroshare and the dedicated IPO result portals of Citizens Capital.
Where Investors Can Find Allotment Details
Detailed information related to the Citizens Santulit Yojana Unit allotment, the final issuance report, and the revised fund structure is available through several official channels. Transparency in these results is essential for maintaining trust in the collective investment schemes of Nepal.
Investors are advised to check:
The official website of Citizens Capital Limited (www.citizenscapital.com.np).
The CDSC-operated Meroshare portal under the “My ASBA” and “Application Report” sections.
The dedicated “IPO Result” platform of Citizens Capital for a quick search using their BOID numbers.
Significance for the Capital Market of Nepal
The expansion of the Citizens Santulit Yojana Unit fund highlights a growing awareness and participation in mutual fund products across the country. Balanced mutual funds play a vital role in channeling household savings into the capital market while offering professional risk management.
Strong subscription levels also indicate increasing trust in regulated investment vehicles, especially after the recent market volatility. By providing a balanced portfolio of stocks and government bonds, the fund aims to provide steady returns to its unitholders over its designated maturity period.
Conclusion
The increase in the Citizens Santulit Yojana Unit fund size marks a positive milestone for the mutual fund industry in Nepal. With enhanced capital of 1.25 billion rupees, professional management, and strict regulatory oversight from SEBON, the scheme is well-positioned to pursue its balanced investment objectives. The successful allotment on Magh 04 has paved the way for the units to be listed on the Nepal Stock Exchange (NEPSE) for secondary market trading.
For More: Citizens Santulit Yojana Unit
