March 21, 2021 | Investopaper
Sunrise Capital Limited currently issuing shares of Sunrise Bluechip Fund to the general public. The fund manager is selling 10 crore units of the scheme at a par value of Rs 10 per unit. Hence, the total issue size amounts to Rs 1 Arba. The company is floating the units of the scheme from Chaitra 1, 2077 BS. Due to the over-subscription of the issue, it will close on Chaitra 8, 2077 BS. Interested investors can still apply until the close of the banking hours.
Sunrise Bank is the promoter company of the Sunrise Mutual Fund. Hence, the bank will purchase 15 percent or 1.5 crore units of the scheme. Hence, the general public can apply for the remaining 8.5 crore units worth Rs 85 crores.
Interested investors can apply for a minimum of 100 units and a maximum of 1 crore units.
Securities Board of Nepal (SEBON) provided the approval for the public offering on Falgun 18, 2077 BS.
Sunrise Bluechip Fund is a close-ended mutual fund scheme. It has a maturity period of 10 years. The units of the scheme will be listed and traded on Nepal Stock Exchange (NEPSE).
Investing in a mutual fund can be a good strategy for most investors as it offers decent returns at a low level of risk. Mutual funds are managed by professional experts and provide wide diversification.
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