Final two days remain to apply for Sunrise First Mutual Fund; 10 Crore units being issued at par

Sunrise Capital Limited is inviting application for its new close end mutual fund scheme, ‘Sunrise First Mutual Fund.’ The issue was open from Ashwin 8, 2076 and will close on Kartik 7, 2076 i.e. only two days remain to apply for the issue.

This fund is managed by Sunrise Capital Limited and sponsored by Sunrise Bank limited.

The issue is of 10 crore units worth Rs.1 Arba and per unit cost is Rs.10.  An investor can apply for minimum of 100 units and maximum of 1 crore units.

85% of the total issue i.e. 8.5 crore units will be open for general public and remaining 15% will be kept as seed capital for sponsor Sunrise Bank Limited and fund manager Sunrise Capital Limited.

This is the third mutual fund managed by the Sunrise Capital Limited. Earlier there were 2 fund in the market viz. NCM First Mutual Fund 2050 and NCM Mutual Fund 2059.