Decline in NAV and Rise in Loss of Mutual Funds of Sunrise Capital in Ashwin
Tue, Nov 1, 2022 11:16 AM on Latest, Mutual Fund,
Sunrise First Mutual Fund (SFMF), sponsored by Sunrise Bank and managed by Sunrise Capital, is a closed-end fund with a maturity of 10 years. The fund has published its monthly NAV report for the month of Ashwin. Its NAV stands at Rs. 11.19 as against Rs. 11.32 during the previous month.
The fund began with Rs. 86 crores and till Ashwin’s end, 2079 it has invested Rs 57.56 crore in listed shares and 18.07 crores in bonds and debentures. It has invested Rs. 14.64 lakhs in public issues, rights issues, and bonus shares and has Rs. 13 crores in fixed deposits.
The bank balance of SFMF is Rs. 8.6 crores. SFMF has reported a net loss of Rs. 3.33 Crores in Ashwin compared to a net loss of Rs. 2.21 Crores in the previous month.
Sunrise Capital Limited has also published the NAV report of Sunrise Bluechip Fund (SBCF).
Sunrise Capital Limited concluded the public issue of 10 crore units of Sunrise Bluechip Fund in Baisakh last year. Out of the 10 crore units to be auctioned, 15% units were reserved for fund promoter Sunrise Bank. The remaining 8,50,00,000 units were open for application. Since the issue was oversubscribed, the fund size was scaled to Rs. 1.25 Arba.
The fund has a NAV of Rs. 8.54 compared to the NAV of Rs. 8.67 in the previous month.
The fund has invested Rs. 61.88 crores in listed shares, Rs. 13.04 crores in debentures, and Rs. 90.06 Lakhs in public issue for the month of Ashwin. The fund has Rs. 21 crores in its bank balance. The fund has invested Rs. 10 crores in fixed deposits.
The fund is at a loss of Rs. 3.54 Crores in Ashwin. In the previous month, it was at a net loss of Rs 1.93 Crores.
