Mutual Funds of Sunrise Capital Report Fall in Net Profit in Bhadra

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 Bhadra. Its NAV stands at Rs 14.62 as against Rs 20.48 during the previous month. However, this is partly a result of the 50% dividend adjustment.

The fund began with Rs 1 Arba and till Bhadra's end, 2077 it has invested Rs 81.6 crore in listed shares and 18.07 crores in bonds and debentures. It has invested Rs 1.23 crores in public issues, rights issues, and bonus shares and has Rs 11 crore in fixed deposits.

The bank balance of SFMF is Rs 10.45 crore. SFMF has reported a net profit of Rs 8.06 crore in Bhadra compared to a net profit of Rs 15.51 crores in the previous month.

Announcement

Sunrise Capital Limited has also published the NAV report of Sunrise Bluechip Fund.

The rookie mutual fund has invested Rs. 63.77 crores in listed shares, Rs. 11.04 crores in debentures, and Rs. 1.34 crores in public issue for the month of Bhadra. The fund still has an unutilized amount of over Rs. 37.6 crores in its bank balance. The fund has invested Rs. 10 crores in fixed deposits. The fund has a NAV of Rs. 10.15, compared to the NAV of Rs. 10.5 in the previous month.

The fund is at a profit of Rs. 1.21 crores in Bhadra. In the previous month, it was at a net profit of Rs. 5.61 crores.

Announcement