Mutual Funds of Sunrise Capital Reports Higher NAV and Profit in Shrawan

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 Shrawan. Its NAV stands at Rs. 12.90 as against Rs. 12.76 during the previous month.

The fund began with Rs. 86 crores and till Shrawan's end, 2079 it has invested Rs 61.11 crore in listed shares and 18.07 crores in bonds and debentures. It has invested Rs. 1.14 crores in public issues, rights issues, and bonus shares and has Rs. 13 crore in fixed deposits.

The bank balance of SFMF is Rs. 16.80 crores. SFMF has reported a net profit of Rs. 97.94 lakhs in Shrawan compared to a net loss of Rs. 7.84 lakhs in the previous month.

Additionally, SFMF has recently declared a 12% cash dividend worth Rs 10.32 crore for the unit holders including the tax amount. The book closure date will be announced soon.

Announcement

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. 8.86 compared to the NAV of Rs. 8.82 in the previous month.

The fund has invested Rs. 63.05 crores in listed shares, Rs. 13.04 crores in debentures, and Rs. 1.03 crores in public issue for the month of Shrawan. The fund has Rs. 15.9 crores in its bank balance. The fund has invested Rs. 17.5 crores in fixed deposits.

The fund is at a profit of Rs. 51.73 lakhs in Shrawan. In the previous month, it was at a net loss of Rs. 15.45 crores.

Announcement