Sunrise First Mutual Fund (SFMF)'s NAV rises slightly in Bhadra; Profit surges

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 Bhadra. Its NAV stands at Rs 11.81 as against Rs 11.20 during the previous month of Shrawan.

The fund began with Rs 1 Arba and till Bhadra end, 2077 it has invested Rs 49.87 crore in listed shares. It has invested Rs 39.41 lakhs in public issues, rights issues, and bonus shares and has Rs 10.13 crore in fixed deposits.

The bank balance of SFMF is Rs 28.02 crore. SFMF has reported a net profit of Rs 7.15 crore which was a net profit of Rs 1.9 crore in Shrawan.

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