Public Issue of 12 Crore Units "Sanima Growth Fund" Mutual Fund Scheme Closing Today

Sanima Capital Limited has been issuing the closed-end mutual fund scheme "Sanima Growth Fund." The issue was open from 16th Kartik and was supposed to close on 20th Kartik, 2079. However, if it was not subscribed by the early closing date, the deadline was extended till today i.e. on Kartik 30.

12 crore units is issued at a par value of Rs. 10 per unit. 13% of the total units i.e. 1.56 crore units worth Rs. 15.6 crores have been allocated to the fund promoter Sanima Bank Limited whereas 2% of the total units i.e. 24 lakh units have been allocated to the fund manager Sanima Capital Limited. Thus, the remaining 10.20 crore units is allocated to the general public.

"Sanima Growth Fund" is a closed-end fund, meaning it can be traded in NEPSE. The fund has a maturity period of 11 years. Applicants can apply for a minimum of 100 units to a maximum of 1.20 crore units.

Currently, Sanima Capital is managing two closed-end funds i.e Sanima Equity Fund (SAEF) and Sanima Large Cap Fund (SLCF) in the market.

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