Sanima Bank Promoted "Sanima Growth Fund" to Issue 12 crore units Mutual Fund Scheme to General Public from Kartik 16

Tue, Oct 11, 2022 10:01 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 will open on 16th Kartik and close on 20th Kartik, 2079. If not subscribed fully by the early closing date, the issue 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 crores 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.


Offer Letter