Sunrise Bluechip Fund Sees First Profitable Month; Rise in NAV of Both Mutual Funds of Sunrise Capital in Jestha

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 Jestha. Its NAV stands at Rs 19.58 as against Rs 18.57 during the previous month.

The fund began with Rs 1 Arba and till Jestha's end, 2077 it has invested Rs 81.75 crore in listed shares and 15.07 crores in bonds and debentures. It has invested Rs 56.01 lakhs in public issues, rights issues, and bonus shares and has Rs 11 crore in fixed deposits.

The bank balance of SFMF is Rs 59.32 crore. SFMF has reported a net profit of Rs 80 crore in Jestha compared to a net profit of Rs 71.35 crores in the previous month.

Announcement

Sunrise Capital Limited has also published the NAV report of Sunrise Bluechip Fund.

The rookie mutual fund has invested Rs. 26.95 crores in listed shares, Rs. 9.59 crores in debentures, and Rs. 25 lakhs in public issue for the month of Jestha. The fund still has a whopping unutilized amount of over Rs. 84.14 crores in its bank balance. The fund has invested Rs. 10 crores in fixed deposits. The fund has a NAV of Rs. 10.07, compared to the NAV of Rs. 9.95 in the previous month.

The fund is at a loss of Rs. 93.26 lakhs in its third month of operation. In the second month, it was at a net loss of Rs. 38.08 lakhs.

Announcement