Slight Decline in NAV of Mutual Funds of Sunrise Capital in Baisakh
Sun, May 29, 2022 11:54 AM on Latest, Mutual Fund,
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 Baisakh. Its NAV stands at Rs 13.61 as against Rs. 13.75 during the previous month.
The fund began with Rs. 86 crores and till Baisakh's end, 2079 it has invested Rs 62.77 crore in listed shares and 18.07 crores in bonds and debentures. It has invested Rs. 2.92 crores in public issues, rights issues, and bonus shares and has Rs. 18 crore in fixed deposits.
The bank balance of SFMF is Rs. 12.84 crores. SFMF has reported a net loss of Rs. 74.57 lakhs in Baisakh compared to a net profit of Rs. 43.11 lakhs in the previous month.
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. 9.47 compared to the NAV of Rs. 9.51 in the previous month.
The fund has invested Rs. 63.4 crores in listed shares, Rs. 12.04 crores in debentures, and Rs. 3.51 crores in public issue for the month of Baisakh. The fund has Rs. 19.6 crores in its bank balance. The fund has invested Rs. 17.5 crores in fixed deposits.
The fund is at a loss of Rs. 7.28 crores in Baisakh. In the previous month, it was at a net loss of Rs. 6.84 crores.
