Impressive Rise in NAV and Net Profit of Sunrise First Mutual Fund (SFMF) in Chaitra; Sunrise Bluechip Fund Also Publishes First NAV Report
Tue, Apr 27, 2021 11:48 AM on Mutual Fund, Latest,
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 Chaitra. Its NAV stands at Rs 18.6 as against Rs 17.05 during the previous month.
The fund began with Rs 1 Arba and till Chaitra's end, 2077 it has invested Rs 82.94 crore in listed shares and 15.07 crores in bonds and debentures. It has invested Rs 5.1 crores in public issues, rights issues, and bonus shares and has Rs 14 crore in fixed deposits.
The bank balance of SFMF is Rs 42.88 crore. SFMF has reported a net profit of Rs 71.61 crore in Chaitra compared to a net profit of Rs 58.3 crores in the previous month.
Sunrise Capital Limited has also published the NAV report of Sunrise Bluechip Fund.
Sunrise Capital Limited opened the IPO issue of 10 crore units of Sunrise Bluechip Fund from 1st Chaitra. 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. The issue is already allotted now.
53,138 applicants who demanded from 100 units to 30 lakh units are allotted the entire quantity they applied for. Similarly, 4 applicants who individually demanded 50 lakh units have each got 46,05,026 units. Finally, two applicants who individually demanded 1 crore units have each got 46,05,028 units.
The rookie mutual fund has invested Rs. 6.05 crores in listed shares and Rs. 3.62 crores in debentures. The fund still has a whopping unutilized amount of over Rs. 1.17 Arba in its bank balance. The fund has a NAV of Rs. 9.96.
The fund is at a loss of Rs. 48.19 lakhs in its first month of operation.
