NAV and Net Profit decline of Mutual Funds of Sunrise Capital
Thu, Apr 28, 2022 10:35 AM 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 Chaitra. Its NAV stands at Rs 13.75 as against Rs 14.35 during the previous month.
The fund began with Rs 1 Arba and till Chaitra's end, 2078 it has invested Rs 62.91 crore in listed shares and 18.07 crores in bonds and debentures. It has invested Rs 4.09 crores in public issues, rights issues, and bonus shares and has Rs 18 crore in fixed deposits.
The bank balance of SFMF is Rs. 15.17 crores. SFMF has reported a net profit of Rs 43.1 lakhs in Chaitra compared to a net profit of Rs 5.61 crores in the previous month.
Sunrise Capital Limited has also published the NAV report of Sunrise Bluechip Fund.
Sunrise Capital Limited concluded the public issue of 10 crore units of Sunrise Bluechip Fund in Chaitra 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. 9.51 compared to the NAV of Rs. 9.93 in the previous month.
The fund has invested Rs. 62.3 crores in listed shares, Rs. 12.04 crores in debentures, and Rs. 4.17 crores in public issue for the month of Chaitra. The fund has Rs. 22.5 crores in its bank balance. The fund has invested Rs. 18 crores in fixed deposits.
The fund is at a loss of Rs.6.84 crores in Chaitra. In the previous month, it was at a net loss of Rs. 1.64 crores.
