Public Issue of "Sanima Growth Fund" Mutual Fund Scheme Opening From Today

Wed, Nov 2, 2022 8:21 AM on IPO/FPO News, Mutual Fund, Latest,

Sanima Capital Limited has published an offer letter to issue the closed-end mutual fund scheme "Sanima Growth Fund." The issue is open from today i.e 16th Kartik and will close on 20th Kartik, 2079. If not subscribed by the early closing date, the deadline can be extended till Kartik 30.

12 crore units will be 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 will be 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.