"Sunrise First Mutual Fund" to open from Ashwin 08, 2076; Capital issuing 8.5 crore units
Mon, Sep 16, 2019 10:28 AM on Latest, Mutual Fund, Stock Market,
Sunrise Capital has published a notice today inviting application for its first Mutual Fund scheme "Sunrise First Mutual Fund". The fund is being sponsored by Sunrise bank and managed by Sunrise capital. It is a closed-ended fund with a maturity period of 10 years.
The issue will be open from Ashwin 08, 2076 till Ashwin 12, 2076. However, in case of under subscription, the latest closing date is Kartik 07, 2076.
The proposed size of the fund is Rs 1 arba with a total of 10 crore units at par value of Rs 10 per unit. Out of this 15% will be segregated as seed fund from Fund Sponsor and Manager. Therefore, a minimum of 8.5 crore units has been floated for application from the general public.
The interested individual can apply for a minimum of 100 units or maximum of 1 crore units.
The fund supervisors of this mutual fund include Mr. Chandi Prasad Shrestha, Mr. Krishna Bahadur Manandhar, Mr. Buddhi Prasad Acharya, Prof. Purna Man Shakya and CA Sudhir Kumar Sharma.
