Decline in NAV of Both Mutual Funds of Sunrise Capital in Baisakh
Sun, May 30, 2021 12:54 PM on Latest, Mutual Fund,
Sunrise First Mutual Fund (SFMF), sponsored by Sunrise Bank and managed by Sunrise Capital, is a close-ended fund with a maturity of 10 years. The fund has published its monthly NAV report for the month of Baisakh. Its NAV stands at Rs 18.57 as against Rs 18.6 during the previous month.
The fund began with Rs 1 Arba and till Baisakh's end, 2077 it has invested Rs 81 crore in listed shares and 15.07 crores in bonds and debentures. It has invested Rs 62.28 lakhs in public issues, rights issues, and bonus shares and has Rs 11 crore in fixed deposits.
The bank balance of SFMF is Rs 51.19 crore. SFMF has reported a net profit of Rs 71.35 crore in Baisakh compared to a net profit of Rs 71.61 crores in the previous month.
Sunrise Capital Limited has also published the NAV report of Sunrise Bluechip Fund.
The rookie mutual fund has invested Rs. 15.14 crores in listed shares, Rs. 3.62 crores in debentures, and Rs. 34.61 lakhs in public issue for the month of Baisakh. The fund still has a whopping unutilized amount of over Rs. 97 crores in its bank balance. The fund has invested Rs. 10 crores in fixed deposits. The fund has a NAV of Rs. 9.95, compared to the NAV of Rs. 9.96 in the previous month.
The fund is at a loss of Rs. 38.08 lakhs in its second month of operation. In the first month, it was at a net loss of Rs. 48.19 lakhs.
