May 7 Kathmandu: Sanima Capital Limited has begun launching its newly introduced mutual fund scheme, Sanima Equity Fund 2, today.
The new scheme is a 10-year closed-ended mutual fund scheme under the Sanima Mutual Fund umbrella. The company is issuing 100 million shares at the price of Rs 10 per share.
Out of the total number of units, 15 percent have already been acquired. Out of the 15 percent units, 13 million units have been allotted for financing the promotional bank Sanima Bank Limited, and 2 million units have been retained for the scheme manager.
Investment opportunities start at 100 units with a limit of up to 10 million units.
In case of complete subscription before its closure date, the closing date will be May 12; otherwise, it remains open till May 21.
An investor can apply through any ASBA-approved bank/financial institution and also through the MeroShare website.
CARE Ratings Nepal has rated the fund promoter at “Care NP Single A Minus,” which means that there is an adequate level of safety for meeting financial obligations on time.
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